Talk with friends and co-workers to get a recommendation on an agent that works well with first time home buyers. It is important to get someone you can trust that will take the time to explain the process and walk you thru, step by step, so that you are well informed all along the way.... more
HOME SITES AVAILABLE IN THURGOOD ESTATES FINAL PHASEOwning a home in the Thurgood Estates community is definitely fine living. Experience the luxurious designs that are tailored to each buyer’s specifications.
Yes, Wambui, there are. And you are wise to ask this question. Sometimes buyers think they know how to fix their credit, when in fact, they are making it worse. Be sure to find a loan processor that specializes in this and commits to seeing you through.... more
PLEASE KEEP IN MIND , NOTHING IN ATLANTA AREA IS SELLING AT LIST PRICE. BE PREPARED TO PAY OVER LIST PRICE OR BID MIN $10K OVER LISTING PRICE....IT'S CRAZY, BUT TRUE...THE INVESTORS /HEDGE FUNDS ARE BUYING HOUSING CASH !... more
Any loan over 80% LTV will require mortgage insurance. All of the MI companies require a 720+ FICO for a 2nd home purchase to 90% LTV.
HomePath financing would be the only possible exception to that. HomePath will allow up to a 90% LTV on a Second Home purchase on HomePath eligible properties. For it to be a Second Home, Fannie Mae does require that the property be located in a vacation area (i.e. N GA mountains, Savannah, lake, etc.). Otherwise, it would have to be classified as an Investment Property which will still allow up to 90% financing.
As Loan Officers, we are required to be licensed by both the State and Federal. Part of our licensing prohibits us from being engaged in credit repair. I don't understand how your Loan Officer could be doing credit repair. Also, no one can guarantee you any increase in credit scores.
If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more
You need to speak to a Mortgage Lender, Miltontax, before considering starting the process. This appears to be an advertisement for a company to sell you a list. Please call, text or email if we can provide further assistance. Good Luck!
Go in with eyes open and read up about the pitfalls of rent to buy. If you fail to buy it in the specified time you will loose that deposit and any option money paid each month that is added to the rent. You will have to qualify for a loan and you will have to get the home appraised and with property values not going up that could cause you to not get that loan which will prevent the purchase and forfeiture of the deposit. My suggestions is to save that money, rent until you can buy and then buy rather than try to do it with a rent to buy that grossly favors the seller/landlord over you. caveat emptor... more
This has been a continued problem for buyers and agents for years. It starts when they use too few agents to list too many homes and you lose that relationship between agent and asset manager that brings real world comments, pictures and expalantions of value. They take to long to answer, too long to sign and their pricing seems way off. Some homes sell way under what they should while homes that should be priiced for a quick cash sale are over priced or they try to fix them and ad to their. I would love the pooportunity to help them to make things right but they stick with teh agents who do not answer their phones, dont call back, dont answer questions and have no time to meet you at the property. When will they learn?... more
Hello Charles I have great info on downpayment & closing cost assistance for a first time home buyers. Please let me know if I can assist you in anyway. Kaylane Peters. Keller Williams Realty Metro Atl. Licensed in Georgia & Louisiana. 504-373-9696... more
Locate a Property, write and Negotiate a Contract, put up some Earnest Money, Teresa. Please call, text or email if we can provide further assistance. Good Luck!
You're in tough spot. Since your husband included his mortgage in the bk, he will not be eligible for another FHA mortgage for 3 years from the date that the bank takes back title to the home. It may actually even be longer if FHA pays a claim.... more
You may want to check http://www.georgiaopenhouses.com/ for open houses in Ellenwood, GA this week and if I can be of assistance please feel free to give me a call.
Coldwell Banker RMR
770 369-5121... more
If you have $3k to put into a lease option,
why don't you first try to buy using conventional financing:
L/O often have higher Sale Prices
L/O often have stiff terms.
There is no "Boilerplate" L/O contract.
You should talk to a good Mortgage Officer first.
Good luck and may God bless... more
They choose based on highest and best offer criteria, which is subjective and conditioned by the personnel involved.
The key to this submarket as a purchaser is to see lots of properties and make lots of offers.
Are you a purchaser, Grandma?
It's not hard to find these properties, by the way. What are your reasons for saying that? That's preposterous, Grandma. I can take one research swat at Ellenwood/South Dekalb and probably find 50-75 Fannie Mae Homepath listings for properties....
Why are there so many multiple offers? Grandma, when only 38% of all properties are selling, and when over 50% of all sales activity in metro Atlanta is happening under $200,000 and when well over 50% of that sales activity is distressed sales activity, well multiple offers are a functional part of the game.
FNMA Homepath terms and conditions have made the playing field very level for first time, primary resident homebuyers. There are other organizations, like non-profits, churches, etc. who also get an advantage over investor buyers / all cash buyers / absentee owners, with these properties.
Truly, quite fair. Truly, highest and "best" offers win. Truly, with multiple offers, they can be "choosy..."... more
If you want to short sell your home, there are a number of requirements which must be met before your lender will approve the deal. One of those requirements is to demonstrate that you have a hardship
It normally doesn’t matter what your loan balance is, Nategibbs, but what your property is actually worth in today's market that will generate a sale, or in this case, a trade. You might consider talking to a Realtor about the comps in your neighborhood, or even hire an appraiser to assess its true current value. Please let me know if I may help further. Good Luck!
Six months will be a much more realistic expectation, Michelle. Prayer and patience will be your strong suits. Good Luck!