Ormewood Park : Questions & Answers

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Bart Gabe, Real Estate Pro in California
Bart Gabe answered:
Hello all, I am interested in a location listed at $500k, I have $25k down payment & good credit. Please advise financing suggestion/options, thanks
On a 500K purchase price you will need 15-20% down payment with most lenders. We offer 10% down or 90% LTV JUMBO program nationwide.

Let's discuss your loan scenario in more detail. ... more
0 votes Share Flag Fri Oct 31, 2014 Financing in Ormewood Park
kbarner, Renter in Atlanta, GA
kbarner answered:
For $400k - $450k is Kirkwood or Ormewood Park a better long-term investment?
OMG! Do not buy in Kirkwood especially if you have school age children...schools are not good unless you go Charter. There is high crime in Kirkwood area...robberies mostly but there ... more
0 votes Share Flag Mon Feb 10, 2014 Market Conditions in Ormewood Park
Jaquillia Jo…, Real Estate Pro in Atlanta, GA
Jaquillia Jones-Garrott answered:
How much money do I need for a downpayment on a FHA first time home buyer house priced $35,000.00
The answer is 3.5% but the real question is what lender can/will do that amount. I have 5 preferred lenders I work with from big box to home grown. Call me with your email address and I ... more
0 votes Share Flag Mon Nov 25, 2013 Home Buying in Ormewood Park
davidshammer, Home Buyer in Roswell, GA
davidshammer answered:
I am looking at a completely renovated cottage in Ormewood Park, SE Atlanta, GA. What is the crime rate in this neighborhood?
Hello Jimo711, I have just finished renovated a home on Faith Ave in Ormewood. We never had a break in or our tools stolen(even though I left them on the front yard)

David Sturm
Att ... more
0 votes Share Flag Sun Apr 21, 2013 Crime & Safety in Ormewood Park
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Do you have to put down 3.5% when using a 203k and streamlined k loan if improvements are 35,500?
If purchasing a HUD REO property, then the minimum down payment would be $100 as long as the credit score is 640+.
0 votes Share Flag Sun Dec 9, 2012 Home Buying in Ormewood Park
Christopher…, Real Estate Pro in Marietta, GA
Christopher Colvin answered:
203(K) and streamline (K), what is the proccess like? How long to close?
This is an old question, but still very relevant to today - if not more so.
Closing is 45-60 days minimum. So keep your eye on any extensions/deadlines and make sure the realtor is as ... more
0 votes Share Flag Wed Nov 28, 2012 Home Buying in Ormewood Park
Dave Herren, Real Estate Pro in 30306
Dave Herren answered:
Is this area any good?
Greer,

I am very sorry to hear about your car break in. I have lived in Grant Park for almost 20 years, and yes I can say break-ins happen, but they are rare. If you take reasonabl ... more
0 votes Share Flag Sat Feb 25, 2012 In My Neighborhood in Ormewood Park
John, Real Estate Pro in Atlanta, GA
John answered:
I'm looking at buying a house in Glenwood Park right off I-20. What are some of the downsides to living?
Wow Hank I guess you're another one of those appraisers milling out appraisals for next to nothing using old fmls pics instead of taking the time to drive by because the bank doesn ... more
0 votes Share Flag Tue Sep 21, 2010 In My Neighborhood in Ormewood Park
Karen Colbert, Real Estate Pro in Sandy Springs, GA
Karen Colbert answered:
i am a first time home buyer and i am thinking about signing a contract on a 203k my credit union doesn't
As you can see the answer is pretty unanamious. While I am an agent with Keller Williams I have 20 years banking experience and I would not advise my client to do a 203K without the s ... more
0 votes Share Flag Sun Jun 7, 2009 Home Buying in Ormewood Park
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