USDA Streamline Refinance No Appraisal 2/12

NC Residents are getting an added benefit from the Obama Administration during the next 24 months.  In a program announced for the economically hardest hit counties in the Country, last week USDA announced a new Streamline Refinance Program! Under the new program folks refinancing their USDA Home Loan will need to meet the following … [Read more...]

USDA Home Loan Change in PMI 12/11

USDA notified us that they are once again changing their "PMI" for their Home Loan Program.  USDA, like FHA and the Veteran's Administration don't actually "make" the guaranteed loans, they just insure the lender against default.  That "default" insurance is just like PMI, and unless you are putting at least a 20% down payment - you are going to … [Read more...]