Hannah Babatunde

The Correct Answer is: $314,827.00 Congratulations to Hannah Babatunde at Keller Williams for winning this week’s Mortgage Trivia. $314,827.00 is the “NEW” FHA mortgage limit for single-family housing in New Hanover, Brunswick, and Pender counties. If you or your customer only has a 3 1/2% down payment, they can qualify for a home valued at…

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Winner Tom Sharpe

The answer is “NO”, but a borrower cannot have an ownership interest in any other property at the time of closing. Congratulations to Tom Sharpe (past customer) who correctly answered this week’s Mortgage Trivia. There are exceptions to this rule. The borrower may have an ownership interest in another residential property if they do not…

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