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FHA Loans in Georgia

In Georgia, FHA financing will also allow you to qualify using the income of a "non-occupant co-borrower". This means that even if you are a student with no job, your parents can help you become a homeowner. In addition, parents can help a young couple with no credit buy a home with many fewer qualifying restrictions than are allowed on conventional loans.

FHA loans in the State of Georgia may be a much better mortgage solution than a subprime mortgage. Many subprime mortgage programs have been discontinued, while FHA mortgages allow you to obtain low fixed rates even if you have had credit problems.

And contrary to popular belief, you can still qualify for an FHA loan with previous mortgage lates. With a viable explanation for your past late payments such as an accident or an illness, you can be approved today. Of course the loan to value that you qualify for will be reduced some, it's a small price to pay. But if you have an adjustable rate mortgage or you need to consolidate debt or you simply just need to save money by reducing your rate, FHA is the way to go.

FHA Loans in Georgia are an affordable solution for low money down financing on manufactured homes.

FHA financing is a great way to purchase owner-occupied mult-family homes in Georgia with a low down down payment. Typically, 3 months mortgage payments are required as asset reserves for 3-4 unit owner-occupied properties.

DISCLAIMER: The information contained in this article on 'FHA Loans in Georgia' is a collection of contributions by licensed mortgage professionals and is not the opinion of Broker Outpost LLC. Always consult a licensed professional before applying for a mortgage.

FHA Loans in Georgia

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