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Cary Home Purchase Loans
Low Rate FHA Opportunities in North Carolina

Cary home buying opportunities are available with flexible qualifying with FHA home purchase loans and a soft housing market. Cary is a town in Chatham and Wake counties the U.S. state of North Carolina. Located almost entirely in Wake County, it is the second largest municipality in that county and the third largest municipality in The Triangle behind Raleigh and Durham. According to CNN, Cary is the 5th fastest growing city in the United States.

Cary Home Buying with FHA Loans

If you are relocating to Cary, NC or a resident thinking about a home purchase, now is the time to buy. The FHA loan limit has been temporarily raised to $295,000 for Wake county and $331,250 for Chatham county. North Carolina home buying with FHA has never made better sense than now. You’ve probably heard about how conventional lenders are tightening their lending standards. This is true.

 

How about a VA loan?

Are you active duty military, a surviving spouse or a veteran? VA loan limits have risen to a maximum of $729,000. You could get up to 100% financing. Take advantage of this now! FHA Home Loan Services extends low rate financing for first time homebuyers with discounted closing costs with very little required for a down payment for home purchase opportunities.

You need a FICO credit score of at least 660 if you’re putting 20% down and a score of at least 700 if you have less than 20% start-up equity. Cary home purchase loans with FHA only require a 3 % down payment (3.5% as of 10/1/08). And, you get low fixed interest rates with FHA. Plus, you can do a FHA streamline refinance if the interest rates drop with up to 97 percent loan to value.

You could also purchase a United State Department of Housing and Development (HUD) home. HUD homes are properties foreclosed on VA- and FHA-insured loans. There are also FHA options for homeowners who need work done on their home who would like to roll the costs of improvements into the loan--the 203k loan.

New EEM Incentives

The Energy Efficient Mortgage (EEM) incentives are special programs available for FHA, VA and conventional loans designed to encourage people to be more energy efficient and “green” with their homes. EEM incentives provide special allowances to home owners, who wish to add additional insulation, install a solar water heater or do other energy efficient remodels to their homes. Many realtors are also offering incentives, which means you could save even more. For example, Meridian Residential is offering an incentive effective September 1st that provides $1,000 towards closing costs and other incentives for Energy Star Certified home buyers going Meridian Green.

Other Popular North Carolina Cities for FHA Financing

Raleigh Home Purchase Loans
Durham Home Financing
Charlotte Home Purchase Loan
Cary Home Financing Rates

Greensboro Home Purchase Loans
Wilmington Home Loan Rates
Fayetteville Home Purchase Loans
 

15-Year FHA Rates | 30-Year FHA Rates | 5-Year ARM Rates
All FHA mortgage products are provided by FHA Home Loan Services, which may arrange loans with third party providers. FHA Home Loan Services is national mortgage lender. Not everyone will qualify for a government insured mortgage. FHA Home Loan Services cannot guarantee all loans will be made or whether all loan applications will be approved by the investing bank.
This is not a commitment for a FHA house loan or an advertisement for credit as defined by paragraph 226.24 of regulation Z.
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