FHA mortgage loans are a very common method of financing homes in Georgia. FHA loans are insured by HUD and are much more lenient on a borrowers credit than conventional Fannie Mae loans. FHA mortgages allow purchases with as little as 3% of the purchase price invested in the home and that money can be a gift. In addition, FHA refinances allow a borrower to take cash out up to 95% of the value of their home and still enjoy low interest rates. Contact your mortgage professional at 770-634-4315 or via e-mail at bpuckett@homeamericamortgage.comIn Georgia, FHA financing will also allow you to qualify using the income of a "non-occupant co-borrower". This means that even if you are a student with no job, your parents can help you become a homeowner. In addition, parents can help a young couple with no credit buy a home with many fewer qualifying restrictions than are allowed on conventional loans.
FHA mortgages in Georgia will allow you to obtain a mortgage after one year of on time payments on a Chapter 13 Bankruptcy. Contact your mortgage professional at 770-634-4315 or via e-mail at bpuckett@homeamericamortgage.com for more information about these guidelines.
FHA loans in the State of Georgia may be a much better mortgage solution than a subprime mortgage. Many subprime mortgage programs have been discontinued, while FHA mortgages allow you to obtain low fixed rates even if you have had credit problems.
If you own a mobile home in Georgia and need to refinance, FHA loans may be the best option to get low fixed interest rates. Your home must have been built after 1976 according to HUD guidelines and must have a permanent foundation constructed to HUD guidelines. Contact your mortgage professional at 770-634-4315 or via e-mail at bpuckett@homeamericamortgage.com for more information about these guidelines.
