alpharetta: Don’t lose another bid! - 01/30/18 10:39 AM
Don’t lose another bid!
We’ll pay both the Buyer and Seller $1,000 each if we don’t close on time!
I am licensed in AL, GA, FL, & TN for all of of your real estate needs.
This offer is part of our On Time Closing Guarantee with this 15 day special now through the end of February!
Contact me to get started!
On Q Financial, Inc. is an Equal Housing Lender, NMLS 5645. On Q Financial's On Time Close Guarantee Program has restrictions and requirements. Not all loan programs apply. The 15-day closing guarantee offer expires on 2/28/18. Payment for missing closings will be paid … (2 comments)

alpharetta: HUD Expands Identity of Interest Definition for FHA Mortgages - 03/06/12 12:57 AM
For all FHA mortgages, HUD recently revised its Family Member definition for Identity of Interest.   The definition of a family member, for purposes of Identity of Interest transactions has been expanded to include:  
·     Brother, stepbrother
·     Sister, stepsister
·     Uncle
·     Aunt
 
These changes are in addition to the previous definitions including:
 
·     Child, parent or grandparent 
·     Spouse
·     Legally adopted son or daughter, including a child who is placed with the borrower by an authorized agency for legal adoption
·     Foster child
 
An identity of interest transaction is a … (2 comments)

alpharetta: Can I Purchase After a Short Sale in Georgia? - 08/06/11 06:12 AM
Can I purchase after a short sale in Georgia? 
That is a common question on the minds of many Georgia sellers in today’s market.  The answer is, possibly.  In December 2009, HUD announced guidelines under which a seller who has completed a short sale can buy a new home utilizing FHA financing. 
Short Sales
According to FHA underwriting guideline, borrowers are not eligible for a new FHA loan if
·         They pursued a short sale on their principal residence simply to take advantage of declining market conditions, and  purchase, at  a reduced price, a similar or superior property … (3 comments)

alpharetta: New FHA Loan Limits for Fulton County, GA - Effective October 1, 2011 - 07/10/11 10:59 AM
The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits. 
Conforming loan limits, which had been raised for many high-cost areas throughout the country to a maximum of $729,750, are expected to expire September 30, 2011. After this deadline, high-balance loans will once again be classified as "jumbo" and carry a higher interest rate.
Once the maximum loan limits are lowered, the new FHA loan limit for Fulton County, GA … (2 comments)

alpharetta: Prospect Mortgage - #2 Volume FHA 203K Renovation Lender for 2010 - 02/27/11 03:14 AM
The US Department of Housing and Development has released its FHA 203K Endorsement Report.  It is for the Fiscal Year ending September 30, 2010.  In the period of October 1, 2009 - September 30, 2010, HUD ranks Prospect Mortgage as the #2 volume FHA 203K lender in the country.  For the 2010 Fiscal Year, Prospect Mortgage closed 928 FHA 203K Renovation mortgages.  A total of 22,491 FHA 203K loans were endorsed by HUD in the 2010 Fiscal Year by all mortgage companies.
The most shocking data comes from the number of companies that closed less than 5 of these loans.  In Atlanta … (7 comments)

alpharetta: 580+ FICO FHA Lending Makes a Comeback - 01/31/11 02:10 PM
Yes, it is true.  FHA mortgages for 580+ FICO borrowers are making a comeback.  In the last 2-3 years, the minimum credit score requirement for FHA loans has changed many times. 
Just a few short years ago, there was no minimum credit score required for an FHA mortgage.  Soon, most all mortgage companies began requiring a 580+ minimum FICO.  A while later, that minimum score requirement was raised to 620+.  Last October, many lenders went to a 640+ FICO on all FHA mortgages. 
All of these changes were in response to the Secondary Mortgage market.  While the Secondary Market in general has … (6 comments)

alpharetta: Atlanta Gets Its First New Department Store in 8 Years - 11/13/10 01:26 PM
The Von Maur department store chain is set to enter the Atlanta market late next year.  The family owned 25 store Davenport, Iowa chain is set to open it's first Georgia location in November 2011 at North Point Mall in Alpharetta. They will take over the space vacated by Belk in August 2009.  Van Maur plans to gut and renovate the location in addition to expanding it from 115,000 to 140,000 square feet.
The company's 25 stores are primarily located in the Midwest market.  Their closest location to Atlanta is a store in Louisville, KY.  The North Point Mall location will be flagship store … (3 comments)

alpharetta: What Information Do I Need for an Existing FHA Condo (DELRAP) Approval???? - 09/01/10 09:28 AM
What Information Do I Need for an Existing FHA Condo (DELRAP) Approval????
If you are interested in an existing condo and you will be using FHA financing, the project must be FHA approved.  To find out if a condo has been FHA approved, you can visit the Condominium Page on the HUD website.  There are a variety of ways to search to a project. 
Should you not see your community on the list, Prospect Mortgage is an approved DELRAP lender.  HUD only grants DELRAP authority to direct lenders that it has deemed to have significant condo project approval experience.  At … (3 comments)

alpharetta: Studio Movie Grill - Alpharetta, GA is NOW OPEN - 07/09/10 02:51 PM
Studio Movie Grill in Alpharetta, GA is now open.  SMG just entered the Georgia market with the opening of their newest theater located at 2880 Holcomb Bridge Rd, Alpharetta, GA 30022. 
Studio Movie Grill has a full dining and drink menu with a full-service staff.  You can place your food and drink order and have it delivered without ever leaving your seat.  With their online ticketing feature, you can even reserve your seat locations in advance. 
When you sign up for a free enewsletter, you will receive two free movie passes.
Visit Studio Movie Grill online or call (770) 992-8411 for more details.
(0 comments)

alpharetta: Highest & Best - What Does This Mean???? - 06/18/10 01:38 PM
Highest & Best????

Have you lost out on a foreclosure purchase recently?  If so, chances are that you were asked to present your "Highest & Best offer."  When a property has mutilple offers, the REO seller will often request that buyers submit their final offer. 
Multiple offer situations can be common on newly listed properties and those with a recent price reduction.  A property typically has the most activity in the first 5-10 after it is listed or after it has had a price reduction.  When a buyer is deciding on their final offer, its very important to consider all of the … (2 comments)

alpharetta: Appliance Rebate Program - Georgia - Funds Are Still Available!!!! - 06/02/10 03:24 PM
Many Georgia residents have still not taken advantage of the appliance rebates current going on now.
The rebates range from $25 to $199 for a qualified purchases in the State Energy Efficient Appliance Program.  Georgia received approximately $8.6 million in funds to offer in the form of rebates. 

Rebate Funds Remaining as of 06/02/10: $2,977,988
Complete program details can be found at www.georgiarebate.com or (866) 296-1633.
See my previous post on this topic at Appliance Rebate Program - Georgia - LIMITED TIME OFFER!!!!.
Don't miss out!!!!
 
(3 comments)

alpharetta: Studio Movie Grill - Alpharetta, GA Opening June 17th - 05/30/10 09:39 AM
Studio Movie Grill is opening their latest location in June.  On June 17th, SMG enters the Georgia market with the opening of their newest theater located at 2880 Holcomb Bridge Rd, Alpharetta, GA 30022. 
SMG has a full dining and drink menu with a full-service staff.  You can place your food and drink order and have it delivered without ever leaving your seat.  With their online ticketing feature, you can even reserve your seat locations in advance. 
When you sign up for a free enewsletter, you will receive two free movie passes
Visit Studio Movie Grill online or call (770) 992-8411 for more details. 
 
 
(2 comments)

alpharetta: Closing Cost Assistance & Appliance Incentive for Fannie Mae Homes - MUST CLOSE BY April 30, 2010 - 03/20/10 02:15 AM
ACT NOW......Time is running out for Fannie Mae's latest offer.  Buyers who qualify for this special offer must close by April 30th. 

Fannie Mae is currently offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home on or before April 30, 2010. Buyers purchasing properties listed at www.HomePath.com, that are closed within this period, may receive up to 3.5% of the final sales price for:
Closing costs The purchase of new Whirlpool® appliances by Fannie Mae A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%. To be eligible for this incentive:
Property sales … (4 comments)

alpharetta: Why Betty White is like a Good Realtor - 03/14/10 03:05 PM
 

I love football and was thinking about the Super Bowl, and Betty White came into my thoughts.  I started thinking how Betty White is like a Good Realtor.
In case some of you don't care for football or didn't see it, here's the commercial Betty appeared in (along with another crazy actor, older than dirt - Abe Vigoda (or at least older than me).  Watch it  so you know why Betty's got my vote for Good Realtor.
 
 
So now that you've seen Betty White in action, here's my reasons why Betty White is like a Good … (0 comments)

alpharetta: Pre-Qualification Letters: How Valid is Mine? - 03/07/10 05:48 AM
Obtaining a Pre-Qualification letter should be a buyer's first step in the home buying process.  As a home buyer making one of the largest purchases of your life, you need to know the important facts and any potential obstacles....upfront.  The good and the bad needs to be discussed so that an appropriate course of action can be taken should there be issues that need to be addressed. 
 
The issuance of a Pre-Qualification letter should only occur after a review of the following:
Credit report Most recent pay stub Pension, Social Security, or Disability income documentation Last 2 years W-2's and Federal Income Tax returns Most … (4 comments)

alpharetta: Freddie Mac Axes Interest Only Mortgages - 02/28/10 01:01 PM
While it shouldn't come as a huge surprise, on Friday, Freddie Mac has announced that they will no longer purchase and securitize iinterest only mortgages.  This policy takes effect on September 1, 2010 and impacts both fixed and adjustable rate mortgages.
So far, Fannie Mae has not announced similar plans for the once, wildly popular, interest only option.  Since 2007, Fannie and Freddie have pretty much been the sole buyers of interest only mortgages.  Reports say that over 17% of Freddie's interest only loans were 90+ days delinquent as 2009 ended.
Only time will tell if interest only loans will see 2011.
 
(0 comments)

alpharetta: Appliance Rebate Program - Georgia - LIMITED TIME OFFER!!!! - 02/15/10 02:20 PM
ACT NOW before funds run out!!!!!
Beginning, February, 12, 2010, Georgia residents can earn rebates ranging from $25 to $199 for a qualified purchases in the State Energy Efficient Appliance Program.  Nationally, this program has made available $300 million from the American Recovery and Reinvestment Act of 2009 in order to stimulate the economy and improve energy efficiency.  Georgia received approximately $8.6 million in funds to offer in the form of rebates. 
Sample rebates include:
$50Refrigerators
$50 or $99 (depending on model)Clothes washerDishwasherWater heater gas storage
$199Air source heat pumpsBoilers - gas or oilFurnaces - gasWater heater - gas tanklessWater heater … (0 comments)

alpharetta: Georgia Dream Changes - 02/13/10 04:17 AM
On February 11, 2010, The Department of Community Affairs announced several changes to some Georgia Dream programs. 
Georgia Dream Rewards (Name changed from Georgia Dream Plus)
Increased income limitations:
Atlanta MSA1 or 2 persons $71,0003 or more persons $82,000
Purchase price up to $250,000
Statewide1 or 2 persons $61,0003 or more persons $70,000
Purchase price up to $200,000 
Sales Price/Down Payment Assistance Amount Changes$5,000 if sales price is $150,000 or less$7,500 if sales price is greater than $150,000
Credit score requirement remains at 660+.  Buyers may retain cash assets up to the greater of $20,000 or 20% of the purchase price.
(0 comments)

alpharetta: Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes - 01/31/10 04:28 AM
Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes
Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed at www.HomePath.com, that are closed within this period, may receive up to 3.5% of the final sales price for:
Closing costs The purchase of new Whirlpool® appliances by Fannie Mae A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%. To be eligible for this incentive:
Offers must be accepted on or after January 28, 2010 Property sales … (2 comments)

alpharetta: Fannie Mae First Look Initiative - The Owner Occupant Advantage - 01/30/10 10:27 AM
Buyers.....tired of submitting offer after offer after offer, only to lose out to a cash offers from investor buyers?  Well, relief is on the way for Fannie Mae REO properties.
"First Look is designed to provide owner occupants and buyers using public funds a "first look" at Fannie Mae homes. Under First Look, Fannie Mae will only consider offers from owner occupants and buyers using public funds during the first 15 days a property is listed in the local multiple listing service (MLS). If the property is still for sale on the 16th day, investor offers may be submitted and will … (7 comments)

 
Rodney Mason, VP of Mortgage Lending - AL, FL, GA, SC, & TN (Guaranteed Rate NMLS# 2611) Rainmaker large

Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN

Atlanta, GA

More about me…

Guaranteed Rate NMLS# 2611

Address: 825 Juniper St NE, Atlanta, GA, 30308

Office: (404) 591-2453

Fax: (404) 601-8488

Email Me

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