Who is Eligible for Georgia FHA Loan?

Image via Wikipedia

Georgia FHA Loan May Be For You

• Do you dream of buying a home in the Golden Isles area?
• Do you have less than perfect credit?
• Have you recently relocated to the area and don’t have time enough on the job?

Did you know that the GA FHA mortgage loans are just for you?  If you are 1st time home buyer, you are only required a payment of 3.5% down.  In addition, there are payment assistance grants to help you.  The FHA doesn’t make the loans, they back the loans made by private lenders.  Knowing that loan is lender backed provides a sense of security to the borrower.  Although the loans do require upfront mortgage insurance of 1.75% of the loan amount, it is normally financed into your loan.  There is also an FHA required monthly mortgage insurance of .55%.

Not a first time home buyer?  This applies to you as well. Georgia FHA loans are more lenient, making it easier for people that have undergone foreclosures or bankruptcy and have less than perfect credit.  Simply put-it is possible for you to purchase a home in Glynn County or surrounding area.  Because these loans are county specific, you’ll need to call to find out what the loan limits are in your county.

There is no better time to make your dream come true.  Don’t let fears keep you standing still in a buyer’s market.  Move past the negatives to see the possibilities.  I’d love to help you get to that next level.  Click here.