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]

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]

GA Home Buyers May get an Extension on the Federal Tax Credit


Today the Senate passed a bill 60-37 to extend the tax credit for first time home buyers from June 30, 2010 to September 30, 2010.  This is only for home buyers that went under contract on or before April 30, 2010.  Many lenders and people in Congress feel this is necessary due to the amount… [Read More]

Cost for GA Home Loans Going Up


On May 12, 2010 Georgia’s Governor Sonny Purdue signed a bill raising the Georgia per loan fee from $6.50 to $10.00.  This fee will be collected by Georgia mortgage lenders and bankers and is remitted to Georgia’s Department of Banking and finance for each residential mortgage closed in Georgia.  Although the $3.50 is not a… [Read More]

Tax Credit is Extended for some Georgia Home Buyers


As most people in the real estate industry are aware, the first-time homebuyer and move-up tax credit expired on April 30th, 2010.  What most people don’t know, it was extended for certain federal and military personnel.   If you were in the military or are a federal employee that was serving outside the United States from… [Read More]

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… [Read More]

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… [Read More]

Financing Condo’s in Georgia is Getting Tougher


On February 1st a new FHA ruling took effect regarding condos.  A Condominium has to be approved by FHA in order to allow for FHA Insurability.  There is a list that lenders check to see if condo project is approved.  If the project is not approved, lenders would try to get a “spot approval,” so… [Read More]