New 85% Jumbo Loan

We have a new Jumbo Loan in Georgia.  We can now go up to 85% with a loan amount up to $1.5 million.  One of the best parts about it is no mortgage insurance and there is a 30 year option as well as ARM options.  Must have a good credit score on this one,… [Read More]

Little Known Secret about GA VA Loans


There is a little know secret when you are trying to obtain a VA loan in Georgia.  I have been helping Veterans with this for years.  VA loans allow the seller to pay up to 4% of the sales price toward a borrower’s debt.  Let’s say you are buying a $200,000 home and you have… [Read More]

Augusta Georgia Homes


I Started working some with Crown Homes out in Augusta, GA.  I’m amazed at the value you can get on these homes.  Pricing starts just a little over $50 a square foot, so you can get a 6,000 square foot home in the $300,000 range.  This is unheard of in Atlanta.  The market is pretty… [Read More]

How Long do I Have to Wait – FHA?

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Here are the FHA Guidelines for Georgia Short-Sale, Foreclosures and Bankruptcy.   Other than VA, FHA is the most lenient when it comes to these situations.  Most of the time, this will be the route we go, as far as getting you a new Atlanta home loan.  One question we get asked a lot is, “what… [Read More]

How Long do I Have to Wait to Buy a Home?

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Here is a great chart my company put together on how long you have to wait after a Georgia foreclosure, short-sale, or bankruptcy.  This chart is for people trying to obtain Georgia conventional loans only.  Different guidelines will apply to other types of mortgages.  I will post those at a later date.   Georgia 203K… [Read More]

203K Renovation Loans


There is a misconception about the limitations of the HUD 203k renovation amount.  Many lenders state that you can’t do renovation projects that exceed $35,000.  The fact is true, however misleading.  Many lenders are not approved to do a full 203k loan and can only do a 203k streamline which has a limit of only… [Read More]

GA Real Estate Contracts: 2011 GAR Form Changes


Courtesy of MaryAnn McReynolds of Prudential Georgia Realty Georgia REALTORS® are using new contacts and forms which were changed significantly for calendar year 2011. Few changes were made to the actual Purchase and Sale Agreement, but several new forms were created to make the practice of real estate easier for brokers and agents. Some highlights… [Read More]

Time to Buy a Home in Atlanta, GA

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THE WALL STREET JOURNAL “With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents…the best low-risk buying opportunity out there today.” DONALD TRUMP I’m pretty sure this is a great time to go out and buy a house. And if you… [Read More]

If You Bought a Home in 2010

If you bought a property last year and closed by December 31st, 2010, your name should be on the tax records for 2011, even if your deed did not get recorded until January of 2011. Here are a few reminders and tips: 1.      File the homestead exemption if this property is owner-occupied; most counties have… [Read More]

Georgia FHA Fee’s Going up Again


It was just announced by HUD that they are increasing the FHA monthly mortgage insurance, again.  This will be the second time in less than a year.  The upfront mortgage insurance premium will remain the same at 1%, but the monthly mortgage insurance premium (MIP) is increasing from .90 to 1.15.  This is another considerable… [Read More]