USDA and Flood Insurance, Problems for GA Homeowners
The two most important issues facing Georgia home loans right now are USDA rural development and flood insurance. USDA loans have become wildly popular in the last two years due to the fact it is one of the only 100% loan programs left. In the middle of March USDA announced that they anticipate running out [...]
What You Need to Know About Georgia Flood Insurance
Today’s Guest Blog Courtesy of Richard Wilson with Allstate
Did you know there is a 26% chance of having to experience flood damage to your home during the course of your 30year mortgage. If you are not in a high-risk flood zone, you still may experience flooding.
Fact: 25% of all flood claims are from people who [...]
April’s GA Realtor® of the Month
Helen Minor - RE/MAX Suburban Atlanta
My name is Helen Minor. I am a Buyer’s Agent for The Nancy Minor Team of RE/MAX Suburban Atlanta. As a member of the team I work with home buyers in Metro Atlanta and I have a vast knowledge of Gwinnett, South Forsyth and North Fulton areas.
This is my 5th [...]
USDA Rural Development is Running out of Money
On March 9, 2010 we received a letter from USDA Rural Development stating that they anticipate running out of funds by the end of April 2010. If your USDA loan is in processing or you are looking for a home and plan on using USDA, this can be frightening news. It is actually quite common [...]
FHA Upfront Mortgage Insurance Going Up
When someone applies for a Georgia FHA home loan, they will find out that there are two types of mortgage insurance associated with an FHA loan. The first type is monthly mortgage insurance which is calculated at .55% of the base loan amount. The second type of mortgage insurance is upfront mortgage insurance, which is [...]
