With the mortgage market in disarray, many buyers will have to seek out VA or FHA loans to obtain financing. If you are in the military or a discharged Veteran, then chances are you qualify for a VA loan. VA loans provide 100% financing without MI (mortgage insurance). Traditionally, unless a borrower has 20% for a down payment, then the borrower is charged a mortgage insurance premium on a monthly basis; this can equated to hundreds of dollars per month. With a VA loan, however, mortgage insurance does not apply. Hence, the VA loan has saved you money.

Then there's the FHA loan. FHA (Federal Housing Authority) provides government backed insurance to lenders that allow many borrowers to obtain financing with liberal underwriting guidelines. It's like an insurance policy for the lender in the event the borrower defaults on the mortgage. In many cases, the borrower can use a down payment assistance program in conjunction with the FHA loan to obtain 100% financing. There will be, however, mortgage insurance charged on a monthly basis. Two of the more known down payment assistance programs are Nehemiah & AmeriDream.

When obtaining a VA, Conventional or FHA loan from any mortgage lender, use a buyer's agent real estate rebate to lower your transaction costs (closing costs).

To get the most out of your VA, Conventional or FHA loan, use a realty rebate to reduce your interest rate (buy down), pay closing costs or reduce the price of your new home in Atlanta, GA. A cash back rebate at closing, when used in connection with your VA, Conventional or FHA loan, reduces the cost of buying a new home by thousands of dollars. This cash back rebate is in addition to all seller or builder incentives, credits, discounts and promotions; use your own lender too. Read the actual closing rebate testimonials.

Furthermore, a buyer is entitled to a buyer's agent to promote the interest of the buyer -- not the seller, builder, mortgage company and/or closing attorney. With most new home purchases in Atlanta, the seller, builder, the builder's agent, the mortgage company (preferred lender) and the closing attorney are all working together. A buyer needs their own buyer's agent who has no affiliation with any of these parties.

By using us as your buyer's agent, there is no out-of-pocket charge to you and we will pass along a commission rebate to you that would not ordinarily be given to a new home buyer. You potentially save thousands.

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Stephen (Steve) Graham
Associate Broker - Buyer's Agent
www.georgia-new-homes.net

VA & FHA loans - New Homes Atlanta, Georgia