FHA Home Loan Information

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FHA HOME LOAN INFORMATION SPONSOR

Georgia FHA home loans information portal
GEORGIA FHA HOME LOANS INFORMATION PORTAL

[ FHA Streamline Home Loans | Home Buyers | Contact  ]

Real Estate Client Referrals

NOVATION DOES NOT PROVIDE HOME MORTGAGES - ONLY LINKS, INFO and NEWS
Please contact one of our sponsors for mortgage services. If you are looking for the NOVATION MORTGAGE COMPANY in Georgia they ceased operations in September 2009 and the employees joined AmericaHomeKey which can be found here.

Try Angie's List!
Gwinnett Georgia Homes for Sale Listings
Sell your home - Gwinnett, Atlanta, Georgia
Advertise here on a GOOGLE TOP hit for Georgia FHA. Be on the FRONT PAGE of Google for the search term GEORGIA FHA - exclusivity right here in this location. Call Ken at 678-439-8683. REAL ESTATE AGENTS or PRIVATE SELLERS only. Exclusive for your state in this spot 24/7 for 30 days is $150

FHA Home Loan Limits - Georgia

Updated - help your loan or your client's loan close more quickly. This is not specifically for any one loan type or FHA home loans but is a generic guideline for what to expect to need when you file a complete home loan application. Mortgage Documentation Checklist

Georgia Agents - the top three are approved agents who understand FHA loans and how to use them to purchase HUD homes in Georgia for only $100 down payment as well as how to write the offers. Georgia FHA/HUD Agents

The FHA 203k - if you find a home in an area you like but it needs a little repair or upgrade there is an FHA mortgage solution for you and it is the FHA 203k Streamline home purchase and rehab/upgrade loan.

FHA Home Loans

FHA loans are the hope of today with all the changes at Fannie Mae, Freddie Mac and the big bank lenders (names you know) who do not offer FHA loans or the full range of FHA loans.


If you already have an FHA loan you may qualify for an FHA streamline refinance to lower you interest rate and monthly payments without a credit check or appraisal. We offer hope with the lowest rate and closing costs on loan to loan comparison.

Georgia FHA on Twitter
GEORGIA FHA HOME LOANS


 FHA Home Loans

HUD's FHA Loan (Mortgage) website has plenty of information about FHA mortgages.


THE SIMPLEST FHA PROGRAM IN AMERICA

FHA Mortgage Interest rates are generally near the same as their conventional counterpart. FHA rates have historically been fairly steady with the exception of Spring and Summer of 2009 when the FHA rates have been a little more active than normal. Be careful of rates advertised online especially those ads that tell you how much your payments will be on a particular loan amount. You generally see them as image ads with dancing animations or some claim about what Obama said you should do. In other words when looking for lending stay out of the trees. Call a LOCAL mortgage broker.

Have a licensed Georgia FHA Home Loans information specialist contact me to answer my questions before I start shopping for a home loan. CLICK

 

email for more answers now!

Do You Know About the Making Home Affordable Program - Includes Fannie Mae and Freddie Mac Refinances?

FHA Streamline Refinance for the Southeast
* May not require appraisal
* May not require income verification
* Can close very quickly
* Must lower monthly principal and interest or term!
*FHA Home Loan Rates Are LOW LOW LOW!

HUD $100 DOWN PROGRAM! Click

Did you know you can purchase a HUD foreclosed home for only $100 down? Yes, if you qualify for this FHA mortgage you can purchase a HUD foreclosure in Georgia for only $100 down payment and FHA's historically low interest rates. It only takes a short time to see if you qualify and there are no upfront fees at Novation Mortgage.

Georgia Agents: Call to learn how to use the HUD owned properties purchase program for the benefit of your customers.

Georgia FHA Streamline Refinance & VA Streamline Refinance Specialists
Do you know about the FHA 203(k) Streamline Rehab Loan? Click me ...

FHA Streamline Refinance and Home Loans - Limits:

FHA is not just for people with low income and small credit.
If you live in metro-Atlanta you can borrow up to $346,250
Even in rural Georgia you can borrow to $271,050
These numbers are applicable for FHA streamline refinance as well

Does Novation Provide Training and Support?

Yes, we do provide constant support to our buyers whether they are real estate investors, first time home buyers, commercial property owners, or regular home owners just like you and I. Be prepared to speak with a lender or agent by spending a short hour to learn the process.

FHA LOANS GEORGIA - Rent vs Own

The chart below shows a cost comparison for a renter and a homeowner over a seven year period.

  • The renter starts out paying $800 per month with annual increases of 5%
  • The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000
  • After 6 years, the homeowner's payment is lower than the renter's monthly payment
  • With the tax savings of homeownership, the homeowner's payment is less than the rental payment after3 years

Years
Rent Payment
Mortgage Payment
Monthly Difference
After Tax Savings
Yearly Difference
After Tax Savings
1 800 1000 -200 -50 -2400 -600
2 840 1000 -160 -10 -1920 -120
3 882 1000 -118 +32 -1416 +384
4 926 1000 -74 +76 -888 +912
5 972 1000 -28 +122 -336 +1464
6 1021 1000 +21 +171 +252 +2052
7 1072 1000 +72 +222 +864 +2664
8-30     Does an FHA home loan work for you?

 

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THIS WEB SITE IS FOR INFORMATIONAL PURPOSES ONLY.
LINKS TO FHA LENDERS IS NOT NECESSARILY AN ENDORSEMENT OF THEIR SERVICES.
TO OBTAIN AN FHA MORTGAGE (OR ANY MORTGAGE) CONTACT A LICENSED LENDER IN YOUR AREA.
>>>NOVATION DOES NOT PROVIDE MORTGAGE LOANS ONLY INFORMATION<<<

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