norcross: New, Lower FHA Loan Limits for Gwinnett County, GA - Effective October 1, 2011 - 07/10/11 11:17 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 Gwinnett County, GA (as … (0 comments)

norcross: HomePath Financing - Buy a Home in Georgia With Only 3% Down - 07/14/10 02:51 PM
Buy a new home with as little as 3% down.  Fannie Mae's HomePath® mortgage program is specifically for Fannie Mae REO properties.  Prospect Mortgage is pleased to be the nation's largest retail HomePath® mortgage lender.  Only a handful of lenders nationwide were selected to participate in this special financing program. 
HomePath® Financing Highlights
This special financing is available exclusively on Fannie Mae homes with the HomePath® logo.  Fannie Mae has properties available all over Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, … (0 comments)

norcross: 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)

norcross: 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)

norcross: Appliance Rebate Program - Georgia - Funds Are Still Available!!!! - 03/20/10 01:42 AM
Many Georgia residents have still not taken advantage of the appliance rebates current going on.
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 03/20/10: $6,348,739
 
 
See my previous post on this topic at:
http://activerain.com/blogsview/1495766/appliance-rebate-program-georgia-limited-time-offer-
Don't miss out!!!!
 
(0 comments)

norcross: 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)

norcross: 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)

norcross: 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)

norcross: 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)

norcross: 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)

norcross: 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)

norcross: 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)

norcross: GA Dream Recovery - Down Payment Assistance Program - Temporary Revisions - 10/08/09 01:49 PM
There are some TEMPORARY revisions to the GA Dream Recovery (formerly Plus) Down Payment Assistance Program.
FOR A LIMITED TIME THERE ARE SPECIAL GUIDELINES FOR HOME BUYERS PURCHASING IN COUNTIES DESIGNATED AS DISASTER AREAS  
Twenty One (21) GA counties have been designated as Federal Disaster Areas as a result of the recent floods.
The counties are Carroll, Catoosa, Chattooga, Cherokee, Cobb, Crawford, Dawson, DeKalb, Dooly, Douglas, Fulton, Gwinnett, Heard, Houston, Newton, Paulding, Peach, Rockdale, Stephens, Taylor & Walker.
Home Buyers in these counties are eligible for Georgia Dream First Mortgage Loans with Rewards/Recovery Down Payment assistance and these special provisions: 
* Home Buyers Do NOT have to be … (1 comments)

norcross: Georgia Dream Rewards - Down Payment Assistance Program - 09/10/09 03:00 PM
The Georgia Department of Community Affairs released the GA Dream Rewards (formerly "PLUS") down payment assistance program in mid-2009.  The GA Dream Rewards (formerly "PLUS") Loan amount is $5,000 or $7,500, depending on the sales price, and it must be combined with a GA Dream Rewards First Mortgage.
Atlanta MSA
1 or 2 persons $71,000 3 or more persons $82,000 Purchase price up to $250,000
Statewide
1 or 2 persons $61,000 3 or more persons $70,000 Purchase price up to $200,000
 Sales Price/Down Payment Assistance Amount
$5,000 if sales price is $150,000 or less $7,500 if sales price is greater than … (4 comments)

norcross: HomePath Financing for Fannie Mae REO's - 01/31/09 02:54 AM
Introducing Prospect Mortgage's newest REO program, HomePath® Mortgage.
Fannie Mae is now rolling out their new HomePath® program specifically for Fannie Mae REO properties.  Prospect Mortgage is pleased to be one of only a handful of lenders nationwide selected to participate in this special financing program. 
HomePath® Financing Highlights

This special financing is available exclusively on Fannie Mae homes with the HomePath logo
Search for Fannie Mae REO's at http://reosearch.fanniemae.com/reosearch/.
Call or e-mail for complete details.
(29 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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