Atlanta’s Best New Homes Show recently welcomed Loan Consultant Matt Reyes with New American Funding. Reyes joined this segment of Mortgage Minute sponsored by New American Funding to discuss new FHA loan opportunities. An FHA home loan is a mortgage insured by the Federal Housing Administration. Because these loans are backed by the federal government, they help FHA-approved lenders extend home[...]
The Federal Housing Administration (FHA) announced its 2018 loan limits in early December (12/7/17) in a move that recognizes the housing industry’s rising home prices. The new loan limits will allow more people who would not normally qualify for a loan to become home buyers. Nationally rising median home prices mean that home buyers in 3,000 counties will see increases[...]
Amy Buynoski, vice president, and mortgage banker with Fidelity Bank and Mickey Schilling, mortgage business development manager and vice president with Fidelity Bank, are guests on this week’s All About Real Estate episode of Atlanta Real Estate Forum Radio. During our interview, Amy and Mickey gave us a little background on Fidelity Bank, which is the largest community bank in[...]
Brand Mortgage is today’s featured guest on the All About Real Estate segment of Atlanta Real Estate Forum Radio. Nikki Bell, vice president and business development manager for Brand Mortgage, is on hand to discuss the products offered by the lender and trends they’re currently seeing in the mortgage market. As a subsidiary of Brand Bank, which has been in the[...]
Academy Mortgage continues to answer home buyers’ top 10 questions about mortgages in this week’s Mortgage Minutes. In this edition, Academy Mortgage answers the commonly-asked question, “Will I have to pay private mortgage insurance?” Private mortgage insurance, also known as PMI, is dependent on the type of loan you receive and the down payment amount. Some loans require no PMI, such[...]
Many homeowners who sell in the current market are making less on their home than they anticipated. When it’s time to buy the next home, they don’t have as much for a down payment as they would have liked – or maybe even as much as they need. While it seems unfair that lenders would start requiring larger down payments when[...]
FHA Loan: Qualifications, Fees, and Limits Explained FHA loans seem like a great investment, but what do they cost you? The good news is that these loans are more affordable than conventional loans. They are also easier to qualify for, have lower closing costs and large limits. These elements make FHA loans ideal for many people, especially those[...]