For anyone who has been paying attention over the last five or so years you have witnessed one of the most volatile times in the economic history of not only the United States but the world. Many very well educated and experienced experts say the worst could be yet to come unless ....
They all have different statements after the "unless" part but they all agree consumer confidence is very important to turning the corner on this nasty global economy. While I probably do not have the answers for the global economy I do have the answers for people looking for an FHA home loan in Georgia.
Like most states Georgia has been hit by the deep economic recession. Georgia is not the hardest hit by any means though there have certainly been challenges and loss of values of homes and real estate in Georgia. Over the last several months, however, home in the FHA loan limit range have increased in value in many areas of the state.
Using the Acworth, Georgia market we can see home sales prices in the 30101 zip code have increased dramatically over the last few months while the overall sales prices for the Acworth market prices continue to struggle. Meanwhile in neighboring Woodstock, Georgia 30188 home values have only recently begun to improve. It is interesting to note the number of listings has been fairly mirrored in both zip codes so the price change does not appear to be inventory driven.
Most homes in Georgia are within the FHA loan limits amount and property type guidelines. There are several condominium developments still looking to be FHA approved which can be handled by an FHA approved DE lender.
Underwriting for FHA home loans is currently at less than 24 hours with most lenders and closing times range from 21 to 45 days depending on the lender you choose. AHK is currently closing loans in under 21 days in almost all cases for FHA home loans.