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| Conventional |
| VA Loans |
| FHA |
| USDA |
| Reverse Mortgages |
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Conventional
We offer all Fannie Mae & Freddie Mac financing options for primary residences, 2nd homes and investment properties. Up to a 97% LTV for primary residences, 90% LTV for second homes 80% LTV for investment properties Gift funds can be used for the purchase of a primary residence. Conventional rates can depend on your credit score, loan to value and loan amount. Contact us today for the best service and most competitive rates in the industry.
We offer the standard 15, 20 & 30 year terms but also have lenders that can offer more flexible terms
We can provide a cash-out refinance up to 80% of your home's value for home improvements or debt consolidation.
3% down purchase options are available for First Time Homebuyers.
Maximum Amount: $647,200
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VA Loans
Veterans and active duty men and women, we appreciate your service! Due to your military service, you are probably eligible for the best mortgage product on the market today. VA loans require no down payment, there's no monthly PMI, offer more lenient underwriting guidelines and lower interest rates than conventional mortgages. There's not a better program available for the purchase of your next home. We've closed hundreds of VA loans and consider ourselves experts in this area. We have direct access to the Department of Veteran's Affairs WEBLGY to assist you of obtaining your certificate of eligibility. Give us an opportunity to provide you the experience and expertise you expect when using your VA eligibility. We have consistently offered better rates & lower closing cost than our competitors to our Veterans.
Maximum Amount: $647,200
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FHA
FHA loans are government insured mortgages that are backed by the US Department of Urban Housing and Development. FHA loans are excellent for first time home buyers with minimal credit history and borrowers with credit scores that do not meet conventional guidelines. FHA does require a 3.5% down payment. Gift funds can be used for the entire down payment and seller concessions can be used to pay closing cost. Typically, a 620 credit score is needed for an FHA loan but borrowers with lower scores can be considered for approval. FHA has more lenient underwriting guidelines and will allow higher debt to income ratios than conventional loans. FHA will consider borrowers who have had bankruptcies or foreclosures that's over 3 years old. The maximum FHA loan amount for our area is $420,680.00
Maximum Amount: $420,680
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USDA
A USDA loan is a mortgage that's insured by the US Department of Agriculture. USDA loans offer 100% financing for homes located in rural areas. Contact us for property eligibility. USDA offers excellent, 30 year fixed rates and $0 down payment required. There are income limits as well. For most GA counties, the maximum household income is $91,900.00. This may be higher in other non-metro counties. USDA typically requires a minimum 620 credit score. Contact us for more information regarding qualifying for a USDA loan.
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Reverse Mortgages
A Reverse Mortgage allows homeowners that are 62 or older to access the equity in their homes without having to make a monthly mortgage payment. This can allow you to continue to live in your home and the funds can be used to supplement retirement income, payoff an existing mortgage, fund living expenses and home repairs. It allows borrowers to take a lump sum at closing, establish a line of credit or receive a monthly distribution. Reverse Mortgages are federally insured Home Equity Conversion Mortgages(HECM) through HUD. A Reverse Mortgage can be an excellent financial tool during retirement.
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