Gabriel Libutti

Dover is still closing and funding 100% USDA loans! Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it. The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home. Dover offers this program in NC, SC, VA & TN. The benefits include: • No Down Payment. •No Mortgage Insurance. •No Cash Reserve Requirement. •No seller contribution limit. •No prepayment penalty or recapture •Competitive 30 Year fixed rate •Common sense underwriting •SFR, Townhome/Condo, Modular & Manufactured Eligibility requirements: To be eligible for the program, the home must be a primary residence and in an eligible area. The borrower must be a US citizen and cannot currently own a home. There are income limits which vary per county and number of household residents. To determine whether you meet the location and income requirements, contact your Dover loan officer

Dover is still closing and funding 100% USDA loans!

Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it. The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home. Dover offers this program in NC, SC, VA & TN. The benefits include:

• No Down Payment.

•No Mortgage Insurance.

•No Cash Reserve Requirement.

• No seller contribution limit.

•No prepayment penalty or recapture

•Competitive 30 Year fixed rate

•Common sense underwriting

•SFR, Townhome/Condo, Modular & Manufactured

Eligibility requirements:
To be eligible for the program, the home must be a primary residence and in an eligible area. The borrower must be a US citizen and cannot currently own a home. There are income limits which vary per county and number of household residents. To determine whether you meet the location and income requirements, contact your Dover loan officer

Dover is still closing and funding 100% USDA loans!

Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it. The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home. Dover offers this program in NC, SC, VA & TN. The benefits include:

• No Down Payment.

•No Mortgage Insurance.

•No Cash Reserve Requirement.

• No seller contribution limit.

•No prepayment penalty or recapture

•Competitive 30 Year fixed rate

•Common sense underwriting

•SFR, Townhome/Condo, Modular & Manufactured

Eligibility requirements:
To be eligible for the program, the home must be a primary residence and in an eligible area. The borrower must be a US citizen and cannot currently own a home. There are income limits which vary per county and number of household residents. To determine whether you meet the location and income requirements, contact your Dover loan officer.

Homepath Mortgage Financing at its finest!

Program Highlights include:

•1) Up to 97% LTV for primary residences.

•2) Up to 90% LTV for second homes and investment properties.

•3) 660 minimum fico.

•4) No appraisal needed....the contract sales price is used.

•5) No mortgage insurance required, regardless of the LTV.

•6) 15, 20 and 30 year fixed products as well as 3, 5, 7, and 10 yr Arms. The interest only feature will not be available at this time.

•7) Secondary financing is allowed.

•8) Properties must be designated as eligible for HomePath financing by Fannie Mae on the www.homepath.com website.

•9) Non-occupant co-borrowers are allowed up to 95% LTV/CLTV.

•10) 5% minimum down payment required up to 95% LTV/CLTV.

•11) DU will determine the maximum allowable DTI. Generally 45% will be standard, with up to 50% allowed with compensating factors.

•12) 6% seller concessions for primary residences and second homes. 2% seller concessions for investment properties.

•13) SFR, Condos, and PUDs allowed. Condo projects do not need to be reviewed for project eligibility.

This program will require a DU Approve/Eligible(LP not allowed). An Approve/Ineligible will only be allowed when:

•1) LTV greater than 85% for 1 unit investment properties

•2) LTV greater than 75% for 2 unit investment properties

Treasury rates' 'amazing' slide continues

NEW YORK (CNNMoney.com) -- Treasury prices rallied Tuesday and yields touched recent lows as confidence in the global economy sank and investors flocked to the safety of the bond market.

The overall fear in the marketplace has fueled Treasury prices and significantly pressured yields over the past month. While the 10-year yield was about 4% a month ago, it is now hovering near 3%, signaling a plunge in risk appetite.Treasurys are viewed as low-risk investments since they are backed by the U.S. government, and are therefore particularly attractive during times of economic uncertainty.

"It really is amazing what a long way Treasurys have come in a very short period of time," said David Coard, head of fixed-income sales and trading at The Williams Capital Group. "It's certainly not based on the fundamentals of the economy, because the economy is in better shape. The reason they are so rich is the uncertainty developing because of the European debt crisis."

What prices are doing: The benchmark 10-year note rose 14/32 to 103, yielding 3.15% after dipping to 3.06% earlier, the lowest level in 13 months. Bond prices and yields move in opposite directions.

The 30-year bond added 28/32 to 105-26/32 and yielded 4.04%, while the 5-year note edged up 8/32 to 102-20/32, yielding 1.95%. The 2-year note gained 1/32 to 100-18/32, yielding 0.72%, nearing its record low of 0.65%.

"Where Treasurys have come recently is largely a result of a huge flight to quality," said Coard. "This has happened because of what is expected to be a widening of the European debt crisis. And today, the stock market's sell-off will be a big factor."

Stocks plummeted Tuesday, following a sell-off in global markets, as investors continued to worry about the spread of debt in the euro zone, despite a massive $1 trillion aid package created for the region earlier this month. Stocks have slid 10% in the past month.

The demand for safe-haven Treasurys was also boosted by reports of rising tensions between North Korea and South Korea, said Coard.

Lending rates on the rise: The euro zone's debt crisis has also taken a hit on interbank lending, which has caused banks to raise lending rates and become more hesitant to loan to each other, said Coard.

Bank-to-bank lending rates for three-month loans have been ticking higher over the past month and continued to rise Tuesday, with the London interbank offered rate, or Libor, creeping up to 0.536% after edging up to 0.51% on Monday.

"This is collateral damage from the European debt crisis," said Coard. "Banks are now subject to more nervousness when they lend in the interbank market."

Libor is a daily average of interest rates that 16 London banks charge each other to lend money, and is used as a benchmark to calculate adjustable-rate mortgages and other loans.

Higher Libor rates indicate less lending among banks, while lower levels signal an increasing willingness to lend. Unless a solution is found, this uncertainty will continue to push both Libor rates and Treasury prices higher, he said.

"Until a solution is found, things settle down and people develop comfort with what is being done [in the euro zone], I think we're subject to a flight to quality, meaning high Libor levels and lower Treasury yields," he said. "But when some sort of security returns, the risk appetite will return with it."