clayton: Financing for Georgia Power Leasehold - Lake Burton, Rabun, & Seed - 03/28/19 10:15 AM
 
Buying a Lake Property on a Georgia Power Leasehold?
 
We have mortgage options for you!
At Angel Oak Home Loans, we offer mortgage solutions for properties located on Georgia Power Leaseholds. Highlights include:
         Loan amounts up to $3,000,000          80% Loan to Value on 2nd Homes          Terms up to 30 Yr Fixed          Bank Statement Programs for Self-Employed Borrowers          Ability to qualify on assets For more details, give me a call at (404) 591-2453.
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clayton: New, Lower FHA Loan Limits for Atlanta-Sandy Springs-Marietta, GA MSA - Effective October 1, 2011 - 07/10/11 11:27 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 the Atlanta-Sandy Springs-Marietta, … (8 comments)

clayton: DCA Announces Lower Interest Rate on GA Dream Down Payment Assistance Program - 07/11/10 09:30 AM
The Department of Community Affairs has just lowered the interest rate on the GA Dream Down Payment Assistance Program.  To find out the current interest rate, just click here. 
New interest rates take effect every Thursday at 5:01 pm.
 
Georgia Dream First Mortgage Loan Financing
30 Year Fixed Rate Mortgage Conventional, FHA, USDA-RD, or VA programs available Up to 100% financing (Additional household income restrictions apply) The GA Dream program is for credit eligible first time home buyers or buyers who have not owned a home in the past 3 years or for buyers purchasing in a targeted county.
To … (0 comments)

clayton: Investment Property Limitation - 12/10/08 01:36 AM
Investment Property Limitation
As of October 10th, the maximum LTV on Investment Properties was reduced to 80% (3-4 units remain at 75% LTV).  This reduction was due to the mortgage insurance companies that insure these loans having discontinued MI coverage for this occupancy type.
For Second Home and Investment Property transactions, the max number of financed properties for a borrower has been reduced from 10 to 4.  While Freddie Mac reduced their limit in the summer,  Fannie Mae did not follow until October.
 
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clayton: Georgia FHA Loan Limits - 2009 - 12/01/08 01:28 PM
FHA loan limits are changing effective with credit approvals on or after January 1, 2009. 
                                  One-Family      Two-Family       Three-Family     Four-Family
Atlanta-Marietta MSA     $346,250        $443,250          $535,800         $665,850
Athens-Clarke MSA        $298,750         $382,450         $462,300          $574,500
Brunswick MSA               $276,250         $353,650          $427,450         $531,250
Columbus MSA               $289,800         $371,000         $448,450         $557,300
Greene County               $662,500         $848,100       $1,025,200      $1,274,050
Non-Metro Counties       $271,050         $347,000          $419,425         $521,250
The Atlanta MSA includes: Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, and Walton counties.
The Athens-Clarke MSA consists of: Clarke, Madison, Oconee, and Oglethorpe counties.
The Brunswick … (0 comments)

clayton: Georgia Dream Homeownership Program - 11/23/08 11:36 PM
 
 Georgia Dream First Mortgage Loan Financing
30 Year Fixed Rate Mortgage Conventional, FHA, USDA-RD, or VA programs available Up to 100% financing (Additional household income restrictions apply) The GA Dream program is for credit eligible first time home buyers or buyers who have not owned a home in the past 3 years or for buyers purchasing in a targeted county.
To qualify, buyers in the Atlanta MSA* must have a total annual household income less than:  
1 to 2 persons - $71,000 3 or more persons - $82,000 And purchase a home with a sales price of no more than $250,000
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