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Mortgage Market News
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Certain Requirements for Authorized User Tradelines
Are you aware of the specific requirements that FHA has for authorized user tradelines in Georgia? It’s important to understand these guidelines to ensure a smooth mortgage application process. When a borrower is involved in an authorized user...
Conventional Mortgage Financing Requires Additional Insurance for Certain Condo Types
When a condo development in Georgia consists of over 20 units, we require that the Homeowners Association (HOA) carry Fidelity (Employee Dishonesty) Insurance. This insurance coverage is essential to protect the financial interests of the HOA and...
What are the Differences Between Conventional and FHA Loans and Determining who is the Best Fit Depending on the Situation?
These are important factors to consider when deciding between Conventional and FHA loans in Georgia. Each has its own set of guidelines and requirements, so it’s essential to choose the one that best fits your specific situation. Unlimited amount...
HomeReady First Program in Georgia $5000 grant plus $1000 in credits
Are you a first-time homebuyer in Georgia looking to achieve homeownership? With HomeReady First mortgage program, borrowers can receive a $5,000 grant to assist with the costs of purchasing a home. In addition, borrowers can also receive up to...
FHA Restrictions on Non-Occupying Co-Borrowers in Cash-Out Transactions in Georgia
Did you know that FHA does not allow a non-occupying co-borrower (NOCB) on a cash-out transaction in Georgia? It’s true! Even when the non-occupying co-borrower is already on the title, FHA will not allow any income from them to be used to qualify...
10 Ways We’re Helping Borrowers Qualify in Georgia
At GeorgiaMortgage.com, we are dedicated to helping borrowers qualify quickly and easily with our unique financing options tailored specifically for the Georgia market. Here are 10 ways we can assist you in achieving your real estate goals: Up to...