Get a Mortgage

One of the first things that will need to take place when buying a home in Augusta, GA will be to get a mortgage. In order to know how much house you can afford to purchase the mortgage lender will need access your credit worthiness and proof of income over the last two years.

Augusta Real Estate Online can assist you with the links to some area banks and lenders that would be ready and willing to take an application for you to be pre-qualified for a mortgatge.

If you are unsure of your ability to buy a home, you may want to work with a credit specialist before going directly to a mortgage lender first.

If you would like to have your credit and income accessed through a FREE , NO OBLIGATION SERVICE and WILL NOT ADD AN INQUIRY ON YOUR CREDIT  fill out the form below:

If you are aware of your credit and income worthiness you may begin to work with a lender to GET PREQUALIFIED.

• New Changes To FHA Loans - October 21, 2010

  The upfront mortgage insurance, which is usually financed into the loan, will decrease from 2.25% to 1.00% BUT for FHA loans with terms greater than 15 years, the following changes apply:  LTV’s <= 95% will increase the monthly mortgage insurance premium to .85 bps.  The current monthly fee is .50 bps.

   LTV’s > 95 will increase the monthly fee to .90 bps. The current monthly fee is .55 bps.

   LTV’s < 95 the monthly fee is .85 bps.

  Don’t worry the down payment as this point is still 3.5%.    The rates are low and there is a surplus of homes for the consumers.  Now is the time to buy before anymore changes occur to FHA loans. 

  Jean Hunt

  First Bank Mortgage

  (762)233-5326