Convential loans are the most popular loan programs featuring Fixed and ARM rate programs. General down payment requirements start at 5%. PMI is required on loans over 80% Loan to Value.

Conforming loans are loans that are less than $417,000. That is the maximum for conforming loans in the State of Georgia at this time. Amounts are subject to change each year. Conforming loans require full documentation of income and assets and usually r

First Chance is an FHA Mortgage Lender. FHA loans offer low down payments ( 3%) and the down payment can be gifted to the buyer via a qualified relative or third party. FHA allows co-signers ( family members) to assist the buyer in achieving home ownersh

VA loans are and excellent source for qualified veterans. No money down and no monthly mortgage insurance allow for qualifed buyers to obtain residential primary mortgage loans with little or no out of pocket costs. Sellers can contribute up to 4% of the

the USDA Rural housing program offers special incentives and pricing to applicants in less developed areas. With up to 102% loan to value loans available. Down payments can be as low as $100.00. Backed by FHA these programs offer a valuable source of fi

Many local , state and county govenment agencies have programs available for Local Housing Programs. Down payment assistance programs offered by each institution assist buyers in qualifying for a mortgage that would not normally be possible for them with

Jumbo loans currently start out at a loan amount in excess of $417,000 in Georgia. Currently JUMBO mortgage rates are slighlty higher than conforming interest rates and usually require full documentation of assest and reserves for an individual to qualif

B/C Loan programs are for individuals who can not normally qualify for traditional convential terms. Either low credit scores, income sources, or past credit issues may require an individual to review the benefits of a B/C loan program. Normally a large

Firxed Rate Loans are just that. Fixed Rates. Some fixed rate mortgages come with an interest only feature usually for a period between 5 and 10 years. Fixed rate mortgages allow you to keep a constant budget on an annual basis so you do not have supris

ARM loans often offer lower payment features for periods from 1 year to 10 years. The interest rate adjusts on the anniversary of the mortgage and the adjustment is tied to an index and margin set at the time of the mortgage. Before accepting an ARM lo