2602 Valley Stream Drive, Atlanta, GA 30360SOLDBeautiful 5 bedroom, 4 1/2 bath Craftsman-style home with charming front porch, full finished basement and huge level fenced backyard. As you enter, you
Rick Payne "As Seen on HGTV House Hunters"Rick Payne FREE Home Buyer ServicesBecome a First Time Home Buyer in 2013. There has never been a better time to make the decision to become a Home Owner. The
You are very fortunate to have Mr. Greene answer your question. This man is the king of information especially when it comes down to assistance programs. Much of what I get comes from his website. I give him a thumbs up!
GA Dream is income driven. It's a program that allows up to $5000 for first time home buyers and up to $7500 for County or City employees. There are 2 parts to this program: The "loan" as just mentioned and a second loan which assists you with closing costs etc. Both loans must be paid back if you refinance or sell the house within a certain time frame.
NSP (Neighborhodd Stabilization Program) asks that you live in a Kevlar vest/drug infested area of town which allows you to buy homes at a discount (hey you wanted straight forward).
USDA (US Dept of Agriculture) asks that you live in a place way out in the sticks. You get 100% financing with no mortgage insurance. Not all places are in the sticks, but it sure feels like it.
HUD $100 down program allows you to buy HUD foreclosed properties with $100 down and you may borrow an additional $5000 to fix up the house. If the house requires more than $5000 in repairs, the loan converts to a 203K loan which allows up to 35K or 110% of the after repair value in repairs, whichever is less.
GA dream tends to run out of money at times as does the USDA loan. If you or your spouse is a military Veteran, you may also qualify for a 100% financing loan with no mortgage insurance. I've reference the HUD site for foreclosures.... more
I can't really answer that question for you....mainly because I am not allowed to due to Fair Housing Laws. But even if I was allowed to answer that question, I couldn't without knowing anything about you. What I would recommend that you do is go over there at different times of day and talk to the people who have already moved in. (I would recommend that no matter where you were thinking of moving to). Go early in the morning, go in the evening, drive through on a weekend. Now that the weather is getting nicer, more people will be outside. Only you can tell if you are going to be comfortable there and its worth taking the time to figure that out if you have the time. Do you live in the area now? If you want to email me offline, my email address is firstname.lastname@example.org.... more