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Atlanta, GA 30310

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Tax Credit Can Be Used for Down Payment

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and […]

Is FHA Key to Housing Turnaround?

Federal Housing Administration loans can be a very good deal for home buyers, especially those who don’t have a lot of cash or whose credit rating isn’t stellar, experts say. FHA loans now account for 20 percent of new mortgages, up from 3 percent in 2006. What’s more, the number of authorized FHA lenders has […]

Georgia Dream, NSP

I know I said this before…but really, NOW is a good time to buy. Take a look at what my mortgage specialist sent me: “DCA Allows up to $14,000 for down payment or repairs on foreclosed properties under Neighborhood Stabilization Program The Department of Community Affairs, better known as DCA, has come out with a […]

Credit Crunch News- Just in…

I  just received a text  msg and email from two mortgage professionals; FHA will raise their minimum credit score to 600/620……………………………. more to come as I get it.   If you have any more info on this- please post! My buyers need it 🙂

4 Tips to Getting a Loan

These days one of the biggest impediments to closing a real estate sale can be the buyer’s ability to get a mortgage. Here are some tips for anyone who hopes to land a loan: Turn to the government. The biggest source of loans these days is the Federal Housing Administration (FHA) and the Veterans Administration […]

Important FHA Loan info!!

Effective with FHA Case Assignment dates on or after January 1, 2009 the down payment and maximum mortgage amounts for FHA loans have been revised. Highlights include the following:  ·         Down payment requirements have been revised to require that the borrower pay an amount not less than 3.5% of the lesser of the appraised value […]

Reintroducing FHA under 580!!!

Reintroducing FHA under 580!!!  Just in, I received information from a mortgage officer on this program. If your credit score is 550-580 there is now a mortgage plan for you! As per my mortgage officer :”Read the guides as they are different than the regular FHA guidelines. They need 5% of their own money seasoned […]

Attention Prospective HomeBuyers

HomeSteps will pay up to 3.5%** Buyers Closing Cost Offer Buy a HomeSteps Home and save! HomeSteps will pay up to 3.5%** of the purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 and January 31, 2009. With our generous offer, homebuyers save money with each qualified closing! […]

West End/ Westview Homes for Sale

Fully renovated, move in condition homes! Awaiting your inspection. View the links below to see these great deals! These homes will pass FHA inspection. Beltline Community- speak with your mortgage officer about city funds for down payments! FOLLOW ME ON TWITTER @NiaKnowles 413 Karli Court, McDonough, GA  4bed/3baths Traditional $139K  http://www.postlets.com/res/4354275  1556 South Gordon St, Westview-in town Atlanta 3bed/2bath Restoration […]

HOPE for Homeowners Expands Rescues

HOPE for Homeowners, a federal program to allow the replacement of up to $300 billion in underwater U.S. mortgages with federally backed FHA financing, began accepting applications under a legislatively authorized expansion Wednesday.  To qualify, borrowers must be spending more than 31 percent of their income on mortgage payments. Loans made this year are excluded, […]