Georgia FHA Home Purchase Mortgage Loan

A FHA Home Purchase Mortgage Loan Can Change Your Life! Do you want to experience the joy of home ownership but need a loan? Eva Sleeper along with The Federal Housing Administration has been helping people fulfill their dreams of owning a home in Georgia and the metro Atlanta area.  Inevitably when searching for a home loan someone will mention FHA home loans.  You may ask yourself WHY?	The FHA insures your loan so that lenders can offer you better, more affordable rates. Whether you live in a single parent household or a multi-parent household, the FHA can help you purchase a home or remodel the home in which you currently live. FHA programs can even help you make home repairs or energy-efficient improvements. Act now, the FHA can help!  In exchange, the FHA charges a small percentage of the home's value at the onset of the mortgage, and requires reasonable monthly or annual premiums for the mortgage insurance. FHA Loans require the buyer to escrow their real-estate taxes.

Bankruptcy: A Chapter 7 bankruptcy (liquidation) does not disqualify a borrower from obtaining an FHA-insured mortgage if at least two years have elapsed since the date of the discharge of the bankruptcy.  Additionally, the borrower must have re-established good credit or chosen not to incur new credit obligations.  The borrower also must have demonstrated a documented ability to responsibly manage his or her financial affairs.  An elapsed period of less than two years, but not less than 12 months, may be acceptable if the borrower can show that the bankruptcy was caused by extenuating circumstances beyond his or her control and has since exhibited a documented ability to manage his or her financial affairs in a responsible manner.  Additionally, the lender must document that the borrower’s current situation indicates that the events that led to the bankruptcy are not likely to recur. First Time Home Buyer: You've searched for a new home for months, found the house of your dreams, negotiated the price and, finally, set a closing date. Now it's easy sailing? Not quite. As a First Time Home Buyer the assistance of an experienced team to assist you in securing the mortgage program best meeting your needs is essential. Allow Eva Sleeper and her team of experienced mortgage and realty professionals to guide you through this exciting yet often times confusing experience. As a first time home buyer you have accessibility to loan programs designed to assist you into your new home more easily. Please remember, as a first time home buyer, the first time home buyer programs may not be the best “buy” for you. Many of the first time home buyer programs have restrictions and strings attached. Allow Eva Sleeper to assist you in determining which of these programs works best for you. The Eva Sleeper and her team of mortgage and real estate professionals offer low rate FHA mortgages to qualified consumers. We continue to provide a variety of government mortgage loan options that ensure competitive interest rates. Purchasing a home in the Atlanta, Georgia area is made easy with knowledgeable mortgage professionals. Whether you need to refinance out of an adjustable rate mortgage loan that is scheduled to adjust or need money to rehab a bank owned foreclosure you want to buy, our FHA mortgage lending team has the experience and willingness to assist you with the government loan process. Our Team is well informed on the many recent changes from FHA.

Mortgage Tax Credit First-Time Home Buyer Tax Credit at a Glance The tax credit is available for first-time home buyers only. The maximum credit amount is $7,500 The tax credit works like an interest-free loan and must be repaid over a 15-year period. The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Call 678-772-8221 for information on a Georgia FHA Home Purchase Mortgage Loan.