LOAN PROGRAMS

Below is a brief description of mortgage options and ways to get the process started...

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CONVENTIONAL HOME LOANS

Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government enterprises (GSEs)...

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JUMBO MORTGAGE FINANCING

A jumbo mortgage is a mortgage with a loan amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises...

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FHA MORTGAGE LOANS

The FHA’s goals are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans and to stabilize the mortgage market...

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203K REHAB LOANS

The financing for this loan will include the purchase price, as well as the improvements you are either required to do to be able to live in the home, or that you want to do, such as upgrade the kitchen...

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VA MORTGAGE LOANS

The FHA’s goals are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans and to stabilize the mortgage market...

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MORTGAGE TERMS/ VOCAB

While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times...

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HOW MUCH CAN I AFFORD?

One of the most important items to remember when looking into financing is there is sometimes a difference in the amount a borrower can qualify for vs what’s in their budget for a comfortable...

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PROPERTY TYPES

Whether you are purchasing, doing a rate/term refinance or taking equity out of your property through a cash out refinance, occupancy type is a major factor in determining the amount of down payment...

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WHAT'S MORTGAGE INSURANCE?

Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.

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FHA MORTGAGE INSURANCE

FHA insurance is required for any FHA mortgage, irrespective of the size of the down payment provided. The premiums for both insurances get cancelled at a certain point...

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CREDIT DO AND DON'TS

How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls a new credit report to verify that there hasn’t been any new activity since...

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VA FUNDING FEE

The VA Funding Fee is an essential component of the VA home loan program and is a requirement of any veteran taking advantage of this zero down payment government loan program.

 

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Fax 678-388-1475

6190 Powers Ferry Rd NW Suite #230, Atlanta, GA 30339

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