FHA loans in Atlanta are becoming increasingly popular and are available to all qualified borrowers, regardless of whether the loan is used to purchase a home or refinance. FHA Loans are underwritten through the standards established by the Federal Housing Administration and are fully insured by the Department of Housing and Urban Development (HUD).
The credit criteria for an FHA loan in Atlanta is not as strict as traditional loans. Federal housing administration loans are an attractive option for home buyers who have no credit or less than perfect credit. Contrary to popular belief, FHA loans are available to buyers who currently own a home as well as first time home buyers, unless you already have an FHA loan.
In FHA loans, the FICO score is evaluated in 98% of cases, but a 12-month payment record can be established using nontraditional methods of payment (e.g. phone bill). In addition to lower FICO requirements, FHA loans often require lower down payments, and can be obtained for as little as 3.5% down.
Why Choose American Equity?
American Equity Mortgage has been providing services in Atlanta for more than 25 years. Our Loan Originators live and work in Atlanta, giving them unique perspective and insight into the local housing market that national lenders do not have. We are committed to helping you get to a better place with financing to meet your unique needs.
Our Loan Originators in Atlanta serve surrounding Georgia metro areas that include, but are not limited to: Vinnings, Sandy Springs, Chamblee, North Atlanta, North Druid Hills, Decatur, Candler-McAfee, Panthersville, Hapeville, and East Point.
Discover today if an FHA loan is right for you. Take a moment to fill out an application or call to speak with an experienced Loan Originator today.