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GEORGIA MORTGAGE PROGRAMS

FIXED RATE MORTGAGE LENDER- With fixed rate Georgia mortgage loan the interest rate and monthly mortgage payments remain fixed over the life of the loan. Fixed-rate Georgia mortgages are available for 40, 30, 25, 20, 15 years and 10 years. Generally, the shorter the term of the mortgage loan, the lower the interest rate.


CONVENTIONAL MORTGAGES Conventional Georgia mortgage lenders provide loans that are either conforming or non-conforming. Conforming Georgia mortgages have terms that follow the guidelines of Fannie Mae and Freddie Mac. These two government corporations purchase Georgia mortgage loans made by private Georgia mortgage lenders that comply with the portfolio guidelines. Once purchased conventional loans are packaged up into Georgia mortgage backed securities and then sold to institutional investors. By pooling Georgia mortgage loans Fannie Mae and Freddie Mac can provide a continuous flow of affordable Georgia mortgage money that results in the availability of more mortgage money for borrowers.


GOVERNMENT GEORGIA MORTGAGE’S INCLUDE FHA, VA, USDA Ginnie Mae which is part of HUD guarantees Georgia mortgage backed securities that are either insured and guaranteed by FHA, VA, and USDA. Private Georgia Mortgage lenders originate these home loans that are then sold to financial institutions that trade government securities. As a Georgia mortgage lender we originate government, convneitonal, and private, portfolio Georgia home loans to purchase or refinance in every city and county in Georgia.


FHA MORTGAGE PROGRAMS- FHA or the Federal Housing Administration is a division within the U.S. Dept. of Housing and Urban Development in charge of the various Georgia FHA mortgage programs. The result of the FHA mortgage insurance makes Georgia mortgage lenders more willing to grant FHA  loans with a lower down payment and are easier credit qualifying requirements than conventional mortgage loans. Since FHA insures these loans, Georgia mortgage lenders are willing to take on greater risk. With the FHA insurance program Georgia mortgage applicants with low credit scores and even no credit scores can qualify for our No Credit Score Georgia mortgage.


VA MORTGAGE LOANS- VA mortgage loans are are issued by private Georgia mortgage lenders and guaranteed by U.S. Dept. of Veterans Affairs. The VA mortgage guaranty allows Georgia veterans and service persons to obtain VA mortgage loans with 100% financing. In addition, Georgia mortgage applicants find it is easier to qualify for a VA mortgage than a conventional loan. VA Georgia mortgage lenders generally limit the maximum VA mortgage loan to $417,000. The U.S. Department of Veterans Affairs does not make these loans. The VA mortgage guarantees Georgia mortgage loans made by private VA approved mortgage lenders. The VA determines your eligibility and, if you are qualified. The VA will issue you a certificate of eligibility and a DD214 to be used in applying for a Georgia VA mortgage.


USDA MORTGAGE LOANS- The Rural Housing Service of the U.S. Dept. of Agriculture guarantees USDA approved Georgia mortgage lenders for rural use only. The USDA mortgage provides Georgia home buyers and homeowners with minimal closing costs and no down payment for a Georgia home purchase. USDA mortgage applicants can even finance the closing cost into the appraised value.


CONVENTIONAL MORTGAGES- Conventional Georgia mortgage lenders provide mortgage loans that are either conforming or non-conforming. Conforming Georgia mortgage loans have terms and conditions that follow the guidelines of Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase home loans made by Georgia mortgage lenders that complying with the guidelines from lending institutions. Conventional mortgage loans are then packaged into securities and then sold as securities to institutional investors. By pooling Georgia mortgage loans, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous a flow of affordable Georgia mortgage money for Georgia enders that results in the availability of more Georgia mortgage loans.


JUMBO MORTGAGE LOANS- Jumbo mortgage loans are  issued by private Georgia mortgage lenders and are above the maximum loan amount of $417,000 established by Fannie Mae and Freddie Mac. These Georgia mortgage loans are known as ‘jumbo’ loans because jumbo mortgage loans are bought and sold on a much smaller scale and often have a little higher interest rate than conforming Georgia mortgage loans under $417,000.


CONDO LOANS- Buying a Georgia condo is a great way to own a Georgia home without taking on the maintenance of a single family home. Most Georgia home buyers find that condos are often more affordable. When it comes to Georgia condo purchase, or refinancing your existing condo we have many Georgia condo mortgage programs available. We offer a wide variety of Georgia mortgage with some of the best pricing available. To see for yourself, Apply Now or use our Quick Application to receive more information on your next Georgia Mortgage.


NO CREDIT SCORE GEORGIA MORTGAGES- As a Georgia mortgage company we are proud to help would be home buyers get approved for Georgia mortgage with No credit score or minimal trade line approvals. Unlike most Georgia mortgage lenders we can approve Georgia mortgage applicants using non traditional trade lines from direct service providers. Direct service providers include electric company, water company, insurance, cell phone ect. Apply Now or use our Quick Application to receive more information on your next Georgia Mortgage.


BAD CREDIT GEORGIA MORTGAGE-Georgia mortgage applicants that have suffered a bankruptcy or foreclosure in the past might qualify for a good Georgia mortgage. Georgia mortgage applicants must wait 3 years after a Foreclosure and 2 years after a chapter 7 bankruptcy to qualify for an FHA mortgage in Georgia Otherwise the last resort for bad credit borrowers is a Georgia hard money lender. Apply now or use our quick application for a free consulation on our Bad credit Georgia home loan programs.


HARD MONEY – PRIVATE GEORGIA MORTGAGE LOANS- Hard money Georgia mortgage lenders  grant private money loans based on the quick sale value of the property. Private Georgia mortgage lenders or investors base this number off the lesser purchase price or appraised value. We have access to private Hard money Georgia mortgage lenders across Georgia. Hard money Georgia mortgage lenders charge 3-5 points upfront and interest rates range from 8-12%.


INVESTOR LOANS- With sufficient credit and debt to income ratios Georgia investor loans are available to Georgia mortgage applicants with sufficient equity and/or down payment. Georgia investors in current market conditions will need at least 10-30% down payment to qualify for a Georgia investor mortgage.


MANUFACTURED HOME LOANS- FHA provides the highest loan to value to Georgia homeowners in search of a Georgia mortgage for a manufactured or modular home. Manufactured home loan applicants can borrow up to 96.5% of the purchase price of their next Georgia manufactured home loan or FHA rate and term refinance a manufactured home loan up to 97.75% of the homes FHA appraised value.

 

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