There really is no accurate average. There are a variety of factors that will go into determining an actual home owner's insurance premium. Some of those will include: the insurance company selected, your credit score, your previous claims history, property zip code, flood zone, age of roof, type of construction, location to near fire hydrant/fire station, age of home, etc.
If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com to get started.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more
A minimum of 2 years from the discharge date on a Chapter 7 and for a Chapter 13 verification for a minimum of a 12 month period that all court ordered payments have been made on time. For Ch 13 you would also need a letter from the courts trustee allowing you to proceed with a mortgage in order to even start with your mortgage application.
In both cases you must have reestablished credit, have a solid work history and provide an explanation for the bankrupcy.
Just as a warning, if you have even one late since the bankrupcy, most underwriters will not approve you loan.