The following contribution comes from our Dan Flynn, Senior Mortgage Consultant with FM Lending based out of our Fonville Morisey Brier Creek office in Raleigh. If you are a first-time home buyer, you REALLY need to see what this program offers. Take a look…and thanks, Dan, for sharing!

6 Gardenview Place Durham FMRealtyFM Lending is pleased and excited to announce recent changes to the North Carolina Housing Finance Agency Home Advantage program that will make it easier for homebuyers to qualify for the purchase of a home. As a preferred lending partner of NCHFA, FM Lending has for years assisted first-time homebuyers as they navigate the often complicated process of purchasing a home.

One of the most significant programs that NCHFA offers is assistance with what is typically one of the major obstacles to purchasing a home, specifically, the down payment required. NCHFA is now offering down payment assistance on conventional, FHA, VA, and USDA loan programs to help with the down payment requirement. The NC Home Advantage Mortgage offers down payment assistance ranging from 3% to 5% of the loan amount as an interest free loan with no monthly repayment requirement. This down payment assistance is available in conjunction with fixed rate first mortgages at competitive interest rates.

Features include:

-Low mortgage insurance coverage requirement

-No first time homebuyer requirement

-Allows up to 3% in seller contributions towards closing costs

-Single family, townhomes, and condos are eligible

“Over the last couple of years, I’ve worked with many first-time homebuyers, some of which that just couldn’t qualify for a loan because of their inability to secure a down payment. These were clients that didn’t meet the requirements for other programs that are offered as well and thus, needed a down payment to move forward with approval. Now, with this new assistance program it will help buyers such as these. I can’t wait to tell my clients all about it!” ~ Cyndy Taylor, Fonville Morisey Sales Associate at FM Brier Creek 

There are eligibility requirements to participate, so be sure to contact your local FM Lending representative to determine whether this program is right for you before you start your home search!

Image of 6 Gardenview Place in Durham courtesy of TMLS and Image current at time of publishing.



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Fonville Morisey Market Minute Reports for November for the entire Triangle as well as local communities were released today and the results aren’t that surprising. Home sales typically drop off as the end of the year approaches. So, therefore, the decrease by 5% year over year in Units Sold is also not that surprising either. According to the Triangle Business Journal looking at the bigger picture the good news is -

“Home sales in the Triangle are UP 4.4% year-to-date and on track to surpass 30,000 unit sales for the first time since 2007.” ~ TBJ, 12/15/14

The years 2012 and 2013 brought the Triangle housing market significant growth after the economic downturn. However, we knew that wasn’t expected to be the “new normal”. Rather, what we’re seeing now is right on track with what would be considered a “normal” year.

That said, more inventory continues to be needed as Months of Supply is down 21% and we know the buyers are there as evidenced by the number of current contracts pending sale also UP 57% over one year ago!

Our own Al Schnaidt of the our Fonville Morisey Inside the Beltline office spoke with Bill Leslie of WRAL last month where they discussed the current year’s numbers as well as what to expect in 2015. Take a look -

To see more Triangle housing market data, please check our Market Minute Report – Total Triangle. If you’re thinking of selling your home (or buying one), please contact a Fonville Morisey Sales Associate today!


REALTOR Tip: Holiday Decorating for the Exterior of Your Home

December 10, 2014

It may be mid-December (and only 15 days until Christmas, but who’s counting?!), but we venture to guess in the busiest season of the year there are plenty of you that have not decorated your homes in all their holiday fare just yet. Go ahead. Let’s see you raise your hands! The folks at HGTV […]

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REALTOR Tip: New Year’s Resolutions Every Homeowner Should Make

December 4, 2014

The following contribution is by our Eddie Brown, VP / Sales Manager of our Fonville Morisey Brier Creek office. While it may only be the beginning of December, why not think about these things now because you know 2015 will be here before you know it, right? Thanks, Eddie! New Year’s Resolutions Every Homeowner Should […]

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The 2014 Food Bank of Central & Eastern NC Holiday Meals Drive is in Full Swing – Can You Help?

December 2, 2014

by Lisa Sullivan, Digital Media Marketing Director Picture this… “I deliver food to agencies, each time I deliver there are always people standing around waiting for food. It starts out with 5 or 6 and then grows to as many as 50 or 60 people waiting on a delivery.” ~ Food Bank CENC Driver Unfortunately, […]

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Our Triangle Communities: Treyburn – A Jewel of a Durham Neighborhood

November 25, 2014

The following contribution is by Dina Griggs, Sales Associate with Fonville Morisey Croasdaile in Durham. Dina knows Durham…and she knows her golf! Here she describes living in the Treyburn Country Club community. Thanks, Dina! TREYBURN, A Jewel of a Durham Neighborhood As you drive past swaths of fields, small shopping centers, past old tobacco sheds […]

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Our Triangle Communities: Welcome to Durham Central Park!

November 20, 2014

The following contribution is by our Toni Davis, Sales Associate with the Fonville Morisey Croasdaile Sales Office in Durham. Thanks for sharing your love for Durham Central Park, Toni! Imagine a place where children dance without care to a myriad of sounds perfectly converging into one song. A place where arts and crafts abound, pets […]

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FM Lending: New Loan Incentives Offer Several Benefits for Veterans

November 19, 2014

The following contribution is from our Chris Holt, FM Lending Mortgage Consultant based out of our Fonville Morisey Croasdaile office. Being this is the month we celebrate our Veterans (not just on Veterans Day!), this is an excellent program for those Vets seeking to purchase a home in the Triangle before the end of the […]

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Our Triangle Communities: Welcome to Northern Durham!

November 13, 2014

The following contribution is by our Jeanette Hussey, Sales Associate out of our Fonville Morisey Croasdaile office. As a real estate agent servicing the Triangle, most especially her beloved community of northern Durham, Jeanette shares all the wonderful things about living in that community. Thanks, Jeanette! Welcome to Northern Durham! What are the boundaries that […]

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REALTOR Tip: Our Top 5 Tips for Selling Your Home During the Holidays

November 6, 2014

It’s November. Halloween has come and gone. Now, everyone from retailers to your next door neighbors have broken down the ghosts and goblins to make way for wreaths and dare we say it, Christmas trees. BUT, just because the holiday season is around the corner that does not mean you can’t put your home on […]

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