Effective immediately, we are temporarily not accepting new loan applications for USDA loans. This is not just a Georgia USDA loan issue, but is national. The USDA Rural Development program has announced they are running out of funds, and may not have new funds until October, 2010.
Please contact me regarding FHA financing, as this is [...]
While the 30-year rates on jumbo and super jumbo loans are still north of 6%, ARMs are hot. Depending on your time horizon, rates range from 3.25% to 5.75%. The sweet spot is with the 5-year Arm between 417k and 1mm — 4.625% !!!
We have been getting significant traffic on our website and inbound calls about rates and jumbo/super-jumbo loans. As of today, there is no strong 30-year fixed pricing for jumbo and super jumbo loans. While you can find rates in the low to mid 6’s, you cannot expect to see the historic rates we are seeing [...]
I had a nice conversation today with a couple who live on the Georgia coast. They had a foreclosure just over 2 years ago, but have truly rebuilt their credit profile. With a 650ish credit score and a solid income, how long before they could buy a home again?
Conventional programs require 4 years now after [...]
To answer one of our more popular questions…..”What type of investor loan rates can I get? ”
Assumptions:
720+ credit score
75% LTV
Purchase or Rate and Term Refinance
Loan Amounts between $150,000 and $417,000
Your wholesale rate for today with 1 origination point: 5.25%
In March, BusinessWeek Magazine named Peachtree City as Georgia’s Best Affordable Suburb. The article notes Peachtree City’s lakes and recreation amenities, along with its 90-mile network of multi-use paths and golf carts.
In choosing the best in each state, BusinessWeek focused on towns within 25 miles of each state’s largest city, featuring good schools, low crime, [...]
While still extremely low, the wholesale 30-year base rate edged up to 4.75% today. We expect it to continually fluctuate between 4.5 and 4.875% each week.
Anderson Lending Group does not offer any “reduced” documentation loans. These loans, previously advertised as Stated Income, No Ratio, or No Documentation loans are no longer available from any investor in the country. Don’t be misled by mortgage companies offering these loans. They are either guilty of not updating their website, or are attempting to [...]
Yes…it’s true. Military veterans are eligible for the best 100% mortgage product remaining. This is a temporary increase over the standard limit, originally guaranteed by the Secretary of Veterans Affairs for loans originated from July 30, 2008 through December 31st, 2008. This has now been extended by the VA through December 31st, 2009.
For all locations in the [...]
Still at unbelievable levels, rates bumped up to 4.625% for the wholesale cost today. Don’t miss your chance!!!
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News from the blog
- USDA Loan Update – Important Please Read
- HUD Removes FHA Mortgage Origination Fee Cap
- Improving your credit score
- USDA Loans – Min Credit Score
- Loan Modifications
- Jumbo and Super Jumbo 5-year ARMS – HOT
- Georgia Senate Bill 57 Defeated!
- Super Jumbo Loans and Mortgage Rates
- Getting a Loan After a Foreclosure – An all too Real Reality for Many Borrowers
- Investor Loan Rates
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