Are you looking to buy or rent?
If you are buying and the property is tenant occupied, you need to know when the lease is over or when the tenant is moving out. Usually the tenant is in place for the next 30 days or until there is a contract and then 30 days or prior to closing. Other owner or investors will advertise a property for sale, but the tenant lease will remain in place for a specific period of time. You inherit the tenant and the security deposit etc. Costs are like any other property where you buy, downpayment, closing costs etc. BUt each contract and circumstance is different.
Now if you are looking to rent a property that is current tenant occupied....different story.... more
Depending on the type of job you are getting, you should talk to a mortgage lender. We use Todd Littlejohn 678-662-3451. He's great! With such a fabulous credit score, I don't anticipate anything impossible.
Todd & Tiffany Kiecker
"The Dream Team"
Hi Mr. Kinsey,
There have been 2 homes that have sold in the past 12 months in Lake Aumond.
814 Quail Ct- $367,000 Sold 3/5/2013
813 Quail Ct- $200,000 Sold 5/28/2013
The only Active listing in Quail Ct is 806A Quail Ct for $695,000.
Here is an excellent website to search for any homes available in Lake Aumond. Thanks!
If you are interested in selling, please give me a call when you get a chance. I'm happy to help!
KW 706.868.3772... more
A good score for most lenders, including Georgia Bank & Trust Mortgage, is 640.
BUT if you have paid a fee to see your credit score online that is not the same score a lender will use-so heads up!
All lenders will pull all three of the major credit bureas and use the middle credit score, not the average. So before you buy you want to make sure all bureas are up to date.
You are entitled to a free credit report at annualcreditreport.com each year. I would out of habit check your credit yearly.
If you are ready to move forward with your home loan and be pre-qualified, I would be more than happy to assist.
Getting pre-qualified before you start looking helps when you find a home you love, to negotiate an offer. If a seller knows you have the ability to buy, they are more likely to work with you on an offer vs waiting to see if you qualify and having to take their home off the market during that time.
Georgia Bank and Trust Mortgage offers local decisions with the originators, processcors, and underwriting all in one place.
More than happy to help!
Realtors are prohibited from directly answering questions related to schools, crime rates, etc as it pertains to a certain area. I would recommend that you visit a school rating site such as greatschools.com to determine the school districts you would desire to live in.
One item I would mention is that this house in not currently listed in our MLS system. There can be many reasons for this. Feel free to contact me if you would like advice on how to find the most current listings, information about the area and how to find homes in your desired school districts or assistance in finding a home.... more
have lived in England myself (ELY Cambridgshire) before I came to Augusta GA 5 years ago,
We love it hear.
We decided to move to Columbia County just outside of Augusta City, due to the reputation of the schools here.
The weather is great all year round, the cost of living is very good. This area offers so much and you are within about 2 hours of the beach, of the mountains and of Atlanta, if you want a mega million city for a change.
Talking about mega million city:
Augusta and the Central Savannah Area (CSRA) offers plenty of opportunity for every day living, but still has a small town flair. I feel very comfortable and much safer than in Europe, but if you want to know about crime, the sherriffs offices of Columbia county and Richmond County have web sites where you can look that up.
Also there is a website where you can compare your current place with the one you are planning to move to.
Realtor. com might have that link, but I am not sure.
What exactly are you looking for. Let me know, and I might be able to point you in the right direction. Hope that helps a little bit.
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
If you will post a link or address, Brian, we will try to help. Please call, text or email if we can provide further assistance. Good Luck!
hi I don't see why not. what is going on with the two homes that you do own? are you renting them ? anyway I feel if your creditworthy enough to own the houses I'm sure you can rent. some property owners don't like pets inside because they feel that they may destroy their property and some will allow pets only if you pay a non-refundable of $250. It depends on your area and whom your renting from. I hope this helps.... more
Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent. Visiting the area and making your own determinations about what is best for you is the way to go.
Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Environmental Concerns
• Household Income
• Schools (including questions about how good or bad the school is)
Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.
Some websites to try include:
Reasons Why A Real Estate Agent Cannot Comment
These links should be able to provide some of the answers you are seeking.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://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 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more
It is vital that we ensure that the prospective tenant is credit worthy and has the means to pay the asked rental amount.
If you are a Georgia resident pull your free credit report from all three credit agencies and review it for corrections and or opportunity to clear any negative past due accounts.
Your payment history effects your credit score and makes the difference in being approved or denied.
Hope this helps,
Daryl, credit scores are produced by the credit reporting agencies and are based on the accounts that report to them. if you are one of the lucky few that always pay cash, no one is reporting! you are scored on what accounts you have, how you repay and the difference between your balance and your credit limit. To raise your score, you need to have a few (3 or 4) accounts that are reporting to the 3 major bureaus, keep your balance due under 50% and always pay on time. These actions will raise your score fairly quickly, however new credit lines often do not count until they have been reported for 6 months. Good Luck for more information talk to a local lender.... more
If you do not qualify for a mortgage why would a seller let you take over payments? Okay, let’s say you find one, if they have a mortgage there is probably, likely, a due on sale clause in the document. ANY change that messes with the chain of title will trigger that option for the lender. Yes, they can and should foreclose based on that event. So if your motivation is solely to avoid closing cost, not because you can’t get approved for a loan, that is a very high risk/reward scenario.
If you go through the proper steps to assume the loan it changes the picture and gets a release of liability for the seller. Entirely different but if you can’t qualify for a purchase money mortgage they will probably not allow you to assume one either.
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.... more
USDA doesn't require mortgage insurance paid monthly (although there is a financed funding fee paid at closing).
USDA is actually 100% financing, BUT: It is income restrictive. If you make too much money, you won't qualify. The USDA locations are usually so far away from a city that you need a flare gun so people can find you. USDA loans are more liberal when it comes to credit issues compared to FHA.
FHA has more programs available to low income qualifiers. FHA is not income restrictive but it is restricted to a loan size per county. Although USDA is not restricted to loan size, the restricted income limit restricts the loan size.
FHA is 3.5% down. Conventional lending is 5% down, unless you use Fannie Mae's 3% down program. FHA has a $100 down program ($1000 deposit and the difference refunded at closing).
FHA's mortgage insurance payments are stupidly expensive. I used to refer people to FHA but for an extra 1.5% down, might as well go conventional (unless credit score is below 660). Still though, most banks are moving to 640 minimums for FHA, making it harder to qualify for a loan. While there are the few that still do loans with 580 scores, the underwriting process is such that pulling your teeth out with a chisel and hammer is less painful than that process.
USDA's minimum score is 600. Understand that no matter what the guideline states of the entity, the bank can trump it with their own guideline.
Make sure that the loan officer you use is knowledgeable about USDA loans. They need to know if your income qualifies for the area.... more