Pruitt Miller Realty Group: 704.608.2794 | Contact Us

Charlotte University, Ballantyne and Lake Norman Homes | 704.608.2794Charlotte University, Ballantyne and Lake Norman Homes | 704.608.2794

Specializing in homes in University City, Ballantyne and Lake Norman areas of Charlotte

Charlotte University, Ballantyne and Lake Norman Homes

  • Menu
  • Home
  • SEARCH
    • Advanced Search
    • Search by School District
  • Communities
    • Charlotte – North
    • Charlotte – South
    • Uptown Charlotte
    • Ballantyne
    • Waxhaw
    • Concord
    • Lake Wylie & Steele Creek
    • Harrisburg
    • Weddington
    • Mint Hill
    • Matthews
    • Huntersville
    • Union County
  • Buyers
    • Tips for Buying Homes in Charlotte, NC
    • First Time Buyers Guide
    • New Home Communities And New Home Builders
    • Retirement Communities in Charlotte – 55+ Communities
    • Buying For Investment
    • Luxury Homes for Sale in Charlotte NC
    • USDA Homes For Sale
    • 9 Mistakes Home Buyers Make And How To Avoid Them
  • Sellers
    • Sell My Home Fast Charlotte NC
    • Home Sellers
    • Current Market Reports & Home Sale Data
    • Charlotte FSBO
    • Preparing Your Home
    • 14 Costly Mistakes When Selling
  • Charlotte
    • About Charlotte NC
    • Relocating To Charlotte NC
    • Local Links
  • About
    • Meet The Team
    • Success Stories
  • Resources
    • Free Reports
    • Apply Online
    • Down Payment Assistance
  • Blog
  • Our Featured Properties

How Does an FHA Loan Work?

fha loans - charlotte homes for sale

FHA loans have plenty of benefits that most people aren’t even aware exist – and that means they’re missing out on what could be the ideal financing option to buy a home for sale in Charlotte.

Whether you’re buying a house for sale in Matthews, a Mint Hill home for sale, or a house for sale in Weddington, you could qualify for an FHA loan.

How Does an FHA Loan Work?

An FHA loan doesn’t actually come from the Federal Housing Administration. Instead, like VA loans, the FHA guarantees the loan – that way, lenders can feel more comfortable letting you borrow such a large sum.

Benefits of FHA Loans

  • Your FICO score can be lower than it would be if you got a conventional loan
  • Bankruptcy is okay, as long as it’s at least 2 years in the past and you’ve maintained good credit since the bankruptcy
  • Foreclosure is okay, as long as it was at least 3 years in the past and you’ve maintained good credit since then

Old Guidelines Make People Shy Away From FHA Loans

It used to be that the FHA demanded repairs on nearly everything in a home in order to let borrowers qualify. It’s not like that any more. Although there are some pretty strict repair requirements, they’re nothing like they used to be.

Are You Buying a Home in Charlotte?

Charlotte is a fantastic place to live, and we’d love to have you join us.

If you’re moving to Charlotte, we can help you find the perfect home. Give us a call at 704-608-2794 or get in touch with us online to let us know what you’re looking for. We’ll help you find it!

Check out our:

  • North Charlotte homes for sale
  • South Charlotte homes for sale
  • Uptown Charlotte homes for sale
  • Charlotte area Luxury homes for sale
  • Charlotte area New Construction homes for sale

Looking outside the city? Check out:

  • Ballantyne homes for sale
  • Harrisburg homes for sale
  • Steele Creek and Lake Wylie homes for sale
  • Concord homes for sale
  • Mint Hill homes for sale
  • Waxhaw homes for sale
  • Weddington homes for sale
  • Matthews homes for sale
  • Huntersville homes for sale
  • Union County homes for sale

 

Spread the love

Posted in: Charlotte lifestyle real estate blog Tagged: FHA Loan, Financing

Quick Home Value

Get a FREE CMA NOW!

Find out the REAL Value of your home in today's market with a FREE Comparable Market Analysis!

Charlotte NORTH Communities

  • University City
  • Concord – (Cabarrus county)
  • Harrisburg – (Cabarrus county)
  • Huntersville – (Lake Norman)
  • Cornelius – (Lake Norman)
  • Davidson – (Lake Norman)
  • Denver – (Lake Norman)
  • Mooresville – (Lake Norman)
  • Sherrills Ford – (Lake Norman)
  • Troutman – (Lake Norman)

Charlotte NORTH Communities

  • University City
  • Concord – (Cabarrus county)
  • Harrisburg – (Cabarrus county)
  • Huntersville – (Lake Norman)
  • Cornelius – (Lake Norman)
  • Davidson – (Lake Norman)
  • Denver – (Lake Norman)
  • Mooresville – (Lake Norman)
  • Sherrills Ford – (Lake Norman)
  • Troutman – (Lake Norman)

Quick Property Search

Charlotte NORTH Communities

  • University City
  • Concord – (Cabarrus county)
  • Harrisburg – (Cabarrus county)
  • Huntersville – (Lake Norman)
  • Cornelius – (Lake Norman)
  • Davidson – (Lake Norman)
  • Denver – (Lake Norman)
  • Mooresville – (Lake Norman)
  • Sherrills Ford – (Lake Norman)
  • Troutman – (Lake Norman)

Charlotte NORTH Communities

  • University City
  • Concord – (Cabarrus county)
  • Harrisburg – (Cabarrus county)
  • Huntersville – (Lake Norman)
  • Cornelius – (Lake Norman)
  • Davidson – (Lake Norman)
  • Denver – (Lake Norman)
  • Mooresville – (Lake Norman)
  • Sherrills Ford – (Lake Norman)
  • Troutman – (Lake Norman)

Charlotte NORTH Communities

  • University City
  • Concord – (Cabarrus county)
  • Harrisburg – (Cabarrus county)
  • Huntersville – (Lake Norman)
  • Cornelius – (Lake Norman)
  • Davidson – (Lake Norman)
  • Denver – (Lake Norman)
  • Mooresville – (Lake Norman)
  • Sherrills Ford – (Lake Norman)
  • Troutman – (Lake Norman)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« Let’s Talk About VA Loans
Youth Programs at the YMCA of Greater Charlotte »

Search

Search for:

From the Blog

what is a conventional loan - charlotte homes for sale

The Truth About Offerpad in Charlotte

va loan info - charlotte real estate listings

Winter is the Best Time to Sell Your Home in Charlotte

Buying Flood Insurance in Charlotte, North Carolina

Charlotte’s Tree Ordinance

A Look At Hurricane Florence’s Impact On Charlotte Real Estate

Featured Charlotte Homes

2731 Bishopton Place $328,000

2731 Bishopton Place Charlotte, North Carolina

3 Beds 2 Baths 1,596 Sq Ft 0.240 Acres

Account Login

Do you already have an account? You can log in here:

Homes for sale in Charlotte NC

Pruitt Miller Realty Group - Huntersville
Homes for sale in Charlotte NC
13420 Reese Blvd W
Huntersville, NC 28078
Direct Phone: 704-608-2794

Trending Charlotte Homes

Retirement Communities in Charlotte NC | Retirement Homes in Charlotte NC | Relocating to Charlotte NC | Charlotte Luxury Homes | Homes for Sale in Matthews NC | Homes for Sale in Charlotte North Carolina | New Construction Charlotte NC | Homes for Sale in Weddington NC | Waxhaw NC Homes for Sale | Huntersville NC Homes for Sale | Ballantyne NC Homes for Sale | Search Charlotte MLS

Popular Homes in Charlotte

Charlotte NC Homes for Sale in Bradfield Farms | Homes for Sale University City | Charlotte NC Homes for Sale in Berewick | Charlotte NC Homes for Sale in Steele Creek Landing | Charlotte NC Homes for Sale in Rocky Ridge | Charlotte NC Homes for Sale in Steeplechase | Hathaway Hills Homes for Sale in Charlotte NC | Charlotte NC Homes for Sale in the Palisades | Charlotte NC Homes for Sale in Westmoreland
© 2023 · Pruitt Miller Realty Group - Huntersville, Derhyl Pruitt · 704-608-2794 · Sitemap · IDX Sitemap · IDX XML Sitemap · Accessibility Statement · Privacy Policy · Charlotte NC Homes for Sale
Disclaimer - All Rights Reserved by Pruitt Miller Realty Group - Huntersville, Derhyl Pruitt

Log in · Real Estate Websites by Real Estate Websites by YourSiteNeedsMe.com
Rated 5 / 5 based on 23 reviews. | Review Us