When you’re applying for a mortgage in Georgia, one of the most overlooked factors is PITI reserves. These reserves act as a financial safety cushion, showing lenders that you can continue making payments even if your income is disrupted. Conventional Loan Reserve...
If you’re starting a new job, receiving a scheduled raise, or transitioning careers, the difference between Conventional and FHA guidelines could determine which program fits your situation best. Conventional Loans in Georgia For Georgia homebuyers applying for a...
GeorgiaMortgage.com, powered by MortgageDepot, is a licensed Georgia mortgage broker, and we know how to finance properties in the state of Georgia. If you’re self-employed, own a business, or have multiple income streams, qualifying for a conventional mortgage can be...
If you’re applying for an FHA loan in Georgia, understanding how child support income is treated can make a big difference in your mortgage approval. While Fannie Mae and Freddie Mac have strict rules, the FHA offers more flexibility, which can benefit Georgia...
When purchasing a condo, lenders follow specific guidelines set by Fannie Mae and Freddie Mac regarding how many units a single investor can own in a development. These rules determine whether a condo is considered “warrantable” (eligible for conventional...
When applying for an FHA loan in Georgia, it’s important to understand how authorized user tradelines can impact your debt-to-income ratio (DTI). FHA guidelines have specific rules regarding these tradelines, and knowing them can help you confidently navigate the...
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