Buyers - Five Things to Consider About Income - 03/30/11 06:21 PM
Rules around income requirements and income verification have tightened in the mortgage industry, and it is important for buyers to know what to expect from lenders.  Here are five general guidelines about income for buyers to consider:
Lenders look at gross income (income before taxes and other deductions) when trying to qualify buyers for a mortgage. Lenders must document the source of a buyer's income for most loans.  Lenders will request two months or more of current pay check stubs from buyers. Lenders may or may not count 'extra' income depending on underwriting guidelines.  'Extra' income includes overtime pay, bonuses, special … (17 comments)

Blackstone Rental Market - 03/28/11 10:38 PM
Rental Listing at 11025 Bolster Court, Johns Creek, GA 30024 in the Blackstone subdivision!
Awesome school district!  Shakerage Elementary, Riverview Middle School, and North View High School!
Within the last six months, the Georgia MLS shows three properties have been leased in Blackstone and the average monthly lease price is $1565 per month.  Each property in Blackstone that leased has four bedrooms, two and a half bathrooms and a bonus room on the main floor.  All properties leased are on a slab.
Blackstone features three new construction homes for sale in the $280,000 to $320,000 price range.  All of these homes … (0 comments)

Fairburn Real Estate Report - 03/25/11 01:18 PM
Fairburn Real Estate Report - February 2011
There was lots of activity in Fairburn Real Estate in February.  Here are some of the stats and details of how February 2011 compares to February 2011:
New Listings for Single Family Homes in Fairburn were up 17% over February 2010.  This is a general indication that the market in Fairburn is picking up positively. Foreclosure Listings for Single Family Homes in Fairburn were flat in year over year results.  So the increase in New Listings resulted in either more short sales or more owners seeking to sell at retail. Pending Sales were up … (0 comments)

Buyers - The Financial Assessment - 03/23/11 06:20 PM
Buyers, as you start the process of planning to purchase a home, you should first assess where you are financially.  Questions to ask yourself are:
"What are my spending habits like?"  Start by writing down everything you spend money on for 30 days.  You will be very enlightened about yourself. "How much do I have available in my checking, savings and investment accounts?"  These are your assets and readily available sources of funds to go towards your purchase. "How is my credit?"  This question is real subject of this post.  Many lenders are becoming increasingly cost conscious and somewhat reluctant to … (2 comments)

Wells Fargo and the 500 FICO Score - 03/21/11 05:10 AM
Home Buyers in Georgia!  News You Can Use!
I thought this was a joke, but I have spoken with a loan officer at Wells Fargo and she confirmed the reality of this information.  Wells Fargo is prepared to underwrite mortgages for clients having a low FICO score.  The general requirements are:
For FICO scores between 500 and 579, borrowers are required to contribute 10% down of their own funds with no gifting. For FICO scores between 580 and 619, borrowers are required to contribute 5% down of their own funds with no gifting. For FICO scores of 620 or greater, borrowers … (7 comments)

Is Now a Good Time to Invest in Real Estate? - 03/21/11 04:37 AM
This is a question that I get asked every so often, and I think it depends on some basic factors that remain tried and true.  Real estate investing is often made to look very simple - buy a property, find a tenant, collect rent and live happily ever after.  But in reality real estate investing is not so simple and requires dedication to understanding the processes associated with real estate investing.  Yes, anyone looking to get into real estate investing must plan to spend some time learning the business.  Find a mentor or partner with someone of like interest to start … (2 comments)

Georgia Dream Homeownership Program - Purchase Price and Cash Assets - 03/16/11 11:30 PM
First Time Home Buyers - Georgia Dream Homeownership Program Changes
This post is part of a series of posts that discuss the changes made to the Georgia Dream Homeownership Program.  These changes took affect on March 1, 2011.
Two other changes that took place concern Maximum Purchase Price and Maximum Cash Assets.
The Maximum Purchase Price in metro Atlanta is $250,000.  Statewide the Maximum Purchase Price is $200,000.  By increasing the Maximum Purchase Price for the Georgia Dream Homeownership Program to these limits, the Department of Community Affairs aims to capture more eligible buyers.
The Maximum Cash Assets a buyer can have … (0 comments)

Georgia Dream Homeownership Program - Layering of DPA Programs - 03/16/11 11:11 PM
First Time Home Buyer Information - Georgia Dream Homeownership Program Changes
This post is part of a series of posts about the changes in the Georgia Dream Homeownership Program.
Another change in the program relates to a concept known as 'layering'.  Prior to the March 1, 2011, changes, buyers were allowed to use the Georgia Dream Homeownership Program in conjunction with other Georgia Down Payment Assistance (DPA) Programs.  For example, a buyer could use Georgia Dream funds receiving $5000 and Dekalb County funds receiving an additional $5000 for a total of $10,000.  Buyers were able to layer multiple programs in the … (0 comments)

Georgia Dream Homeownership Program - Buyer Contribution - 03/16/11 10:52 PM
First Time Home Buyers in Georgia - Information on Georgia Dream Homeownership Program Changes
Another new change in the Georgia Dream Homeownership Program is the dollar amount buyers are required to contribute towards a purchase and sale transaction.  Previously buyers were required to contribute $500 of their own funds towards the purchase of a home using Georgia Dream funds.  As of March 1, 2011, buyers are required to contribute $1000 towards the purchase of a home using the Georgia Dream funds for purchasing a home.
This change should have a minimal impact on buyers using the Georgia Dream Homeownership Program funds to help … (0 comments)

Georgia Dream Homeownership Program - Credit Scores - 03/15/11 12:45 PM
First Time Homebuyers - Down Payment Assistance - Georgia Dream Homeownership Program
Another change in the Georgia Dream Homeownership Program that went into affect on March 1, 2011, is credit scores are looked at on a two tiered approach.  The credit score and debt to income (DTI) are paired to each other in the guidelines Department of Community Affairs have set for Georgia Dream Homeownership Program.  Lenders approved by the Department of Community Affairs for the Georgia Dream Homeownership Program should look at all three major scores and use the middle score for compliance with the guidelines.
For middle credit scores that range between 620 and … (0 comments)

What is the Georgia Dream Homeownership Program? - 03/13/11 11:03 PM
The Georgia Dream Homeownership Program helps buyers by providing funds to assist with the purchase of a single family home.  Funds can be used for Down Payment, Pre Paids, Closing Costs, and Principal Reduction.
Georgia Dream are three loan options.  The Standard Option is a $5000 loan.  Maximum income for a family of three or more in the Atlanta MSA is $82,000 and $70,000 for the state of Georgia.  The PEN Option is a $7500 loan.  PEN receipients are Protectors (Police, Firemen, etc.), Educators (Teachers, School Administers), and Nurses (Healthcare workers).  The income limits are the same.  The CHOICE Option is … (0 comments)

Georgia Dream Homeownership Program Changes - Income Limits - 03/13/11 10:36 PM
First Time Homebuyer Information About Georgia Dream Homeownership
Change in Income Limits
Previously there were multiple income limits for buyers seeking assistance from the Georgia Dream Homeownership Program for down payment and closing costs.  The income limits were based on the number of people in the household and the amount of income earned in the household.  There was an income limit for a one person household of $40,500, another for two people household, another for three people household and so forth. 
With the changes in Georgia Dream Homeownership Program that took effect on March 1st, there are only two sets of … (0 comments)

Georgia Dream Homeownership Changes – Introduction - 03/11/11 11:58 PM
Georgia Dream Homeownership Program Changes
Georgia Dream Homeownership Program has made some changes that will positively impact buyers, real estate professionals, and lenders, by streamlining its guidelines.  I will discuss the changes in a series of posts.  This information is extremely helpful to first time homebuyers.
The major changes in Georgia Dream focus on income limits, credit scores, debt to income (DTI) ratios, and buyer contribution towards the transaction.  Each of these changes address the present market conditions that buyers and sellers are dealing with today.  Also the changes continue to make the Georgia Dream Homeownership Program a viable option for … (0 comments)

It's SEC Basketball Tournament Time - 03/10/11 10:57 PM
And downtown Atlanta is crawling with college fans from all across the Southeast.  While you may not be a fan of college basketball, the energy triggered by the whole college playoff system is great fun! 
Today's game that I  checked into was University of Georgia versus Auburn in the Men's Tournament.  UGA is my alma mater, and we handsomely won today beating Auburn 69 to 51.  Next up is Alabama in a quarter finals match on Friday afternoon at 1PM.
College Basketball provides fun for all since you have men's and women's team competing.  And it's no wonder the playoffs are … (0 comments)

High Point Estates 30315 - 03/09/11 07:04 PM
High Point Estates in Atlanta 30315
High Point Estates is a great subdivision and only minutes from downtown Atlanta.  It is walking distance from Turner Field, home of the famous Atlanta Braves Baseball team and many other events in the off season.  So if you work downtown or north of I 20 and want to cut your commute, consider High Point Estates.  Great prices and great properties.  Also High Point Estates is part of the Beltline Project area and qualifies for several benefits associated with the Beltline Project.
High Point Estates in Atlanta 30315
For information about properties in High Point … (0 comments)

The Corner Bakery - 03/08/11 02:07 PM
Downtown Atanta Real Estate - Baker and Peachtree
The Corner Bakery in downtown Atlanta is a great place to eat.  They have a variety of sandwiches, soups and sweets.  While the bulk of their business inside the restaruant is done during breakfast and lunch, the Corner Bakery is open until 4:30PM in the afternoon for those of us who get to lunch late sometimes.
Only two blocks away from Twelve Centennial and next door to Peachtree Towers, The Corner Bakery is a wonderful place to eat.  The staff are all very friendly, and the bagels are just yummy.  Try a multi grain with … (0 comments)

Twelve Centennial - Atlanta - 03/03/11 10:23 PM
Twelve Centennial - Downtown Atlanta - A Great Place to Live!
Twelve Centennial is a hybrid development that consists of the Twelve Centennial Hotel and the Twelve Centennial Residences.  There are a little over 500 Residences in Twelve Centennial, and they are one and two bedroom condo units.  Twelve Centennial has a great location being two blocks from Downtown Atlanta, two blocks from the Georgia Aquarium, and just steps from the MARTA Train Station.  Residents enjoy some wonderful features such as fitness facility, pool, 24 hour concierge, media room, valet parking, hotel discounts, and of course the amazing views of metro … (0 comments)

 
Jordon Wheeler - East Point, Hapeville, College Park, Union City, Fairburn, J W Group Real Estate Sales and Service (The Jordon Wheeler Group) Rainmaker_large

Jordon Wheeler - East Point, Hapeville, College Park, Union City, Fairburn

J W Group Real Estate Sales and Service

Fairburn, GA

More about me…

The Jordon Wheeler Group

Address: South Fulton, College Park, East Point, Hapeville, Union City, Fairburn, Camp Creek, ATLANTA, GA, 30303

Office Phone: (404) 418-8092

Cell Phone: (404) 246-3210

Email Me

Jordon Wheel…

Serving South Fulton and all of metro Atlanta, The Jordon Wheeler Group is a full service brokerage. We represent sellers, buyers, landlords, tenants, and investors. We are a HUD Certified Selling Broker, and we know the details of Down Payment Assistance in Georgia.



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