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Monroe : Real Estate Advice

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  • Home Buying5
  • Home Selling3
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Activity 30
Mon Mar 11, 2013
GA Dream requires that all borrowers on the mortgage be a First Time Home Buyer. This is defined as they cannot have been on title to another property in the last 36 months. If your husband was on title to a property in the last 36 months, then he would not be able to be on the mortgage for a GA Dream loan.

Like USDA, GA Dream uses Household Income as one of their qualifiers. Even though your husband wold not be on the new mortgage, his income would have to be included in the Household Income, but it would not be used as Qualifying Income. GA Dream limits Annual Household Income for 1-2 persons to no more than $69,000.

The minimum income would just be whatever is required based on the indivual borrower's current debts plus the new mortgage payment. GA Dream does have a lower debt to income ratio requirement than that of the USDA program.

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

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
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.
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Wed Feb 6, 2013
Marc D'Angelo - Lender answered:
As long as you are going to live in the home I have no minimum loan amount with my bank. Call me 7 days a week.

Marc D’Angelo
Mortgage Banker
404.925.8291 Cell
678.985.6834 Fax
apply online:
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Wed Dec 14, 2011
Linda Lorenzo answered:
As a past HOA president I do hope your are going to the meetings and questioning why the dues are raising. Most HOA try to keep the dues the same as much as possible but sometimes with rising costs that is not possible. If you are thinking because they didn't renew certification (my HOA had a property manager who would have handled this - does yours because the fault would lie with them) that you won't have to pay dues be very careful HOA's have the power to put liens on your property for non-payment. ... more
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Fri Feb 18, 2011
John Reinhardt answered:
No one can tell you the exact number and precisely when the housing market will turn totally around in 2011. However, it is going to turn around in 2011. I’m starting to see new construction and price stabilization on resale homes as I’m writing this. This spring and summer you will see prices start to come back and hold in Atlanta metro.

Any additional information of the real estate market’s come back can be found on my blog:

John J. Reinhardt

Solid Source Realty

My Website

T (678) 310-9811

Contact Me
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Fri Nov 19, 2010
Loretha Hendrix answered:
Yes, There are many Investment properties in all areas due to the high rate of foreclosures.
You can pick up properties in Metro Atlanta for a very minimum cash investment.
Let me know what areas you are interested in and the price range you are looking for and I will send you some listings.

Be Blessed
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Fri Apr 16, 2010
Debbie Jones answered:
The Hud homes are usually priced with the condition in mind. Don't discount the sales price by the amount of repair costs. Have your agent to do a market analysis on the property and make your decission based on the value of the home "As Is", not the amount needed for repairs. Buyers are loosing out on a lot of good deals by low-balling offers on properties that are already priced to sale. ... more
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Thu Feb 25, 2010
Michael Hammond answered:
Good info, Bill. Can you please send me any/all criteria you have on this type of financing?
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Wed Feb 24, 2010
Robbie Thomas answered:
I am a local Realtor in Walton county and have lived here all my life and know the county like the back of my hand. I am a full time agent with a professional company that offers GAMLS and FMLS along with several other web listing sites. When looking for a property in Walton county they will call a local agent. I will be more than happy to work for you. call me @ 770-315-8532 cell or 770-267-9664 office ... more
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Tue Feb 23, 2010
Cynthia Skipton answered:
There are loans on land. As Mark Lackey pointed out perfectly, it al depends on your threshhold of pain on the down payment. D.T.I. is key. The days of 100% financing are slim. Call a couple of local banks and see what they want for a downpayment. The lower the downpayment the higher the rate. Happy hunting.... ... more
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