FHA Loan Newnan GA

Recently, the most popular mortgage product for homebuyers has been the FHA loan. As part of the Economic Stimulus Act of 2008, Congress raised the FHA loan limits so that they are viable for purchasing a moderate home in high cost areas like California and Hawaii.

Local Companies

Wells Fargo Financial
(770) 253-7305
346 Bullsboro Dr
Newnan, GA
Bank of America
(770) 304-3200
17 Greenville St
Newnan, GA
Security Finance Co
(770) 251-5010
159 Temple Ave Ste E
Newnan, GA
Service Loans Co
(770) 253-5591
224 Bullsboro Dr
Newnan, GA
Bank of America
(770) 304-0389
10 Glenda Trce
Newnan, GA
Atlanta Title Loans
(770) 252-5425
115 Jefferson St
Newnan, GA
Title Max
(678) 423-4220
120 Jefferson St
Newnan, GA
Tile Pawn Brokers
(770) 253-6117
205 Elzie Johnson Rd
Newnan, GA
Cash Express-Discount Title Pawn
(770) 251-4110
211 Bullsboro Dr
Newnan, GA
Georgia Auto Pawn
(678) 423-0606
26 Bullsboro Dr
Newnan, GA

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Recently, the most popular mortgage product for homebuyers has been the FHA loan. As part of the Economic Stimulus Act of 2008, Congress raised the FHA loan limits so that they are viable for purchasing a moderate home in high cost areas like California and Hawaii. No longer are FHA loans just for low income families that can't otherwise afford a home.

The greatest part of all is homeowners that do not want to move can still reap the benefits of these changes with an FHA refinance. Like any conventional refinance, this allows a savvy homeowner to tap the equity that he or she has built up in a property from principal pay down and appreciation.

Proceeds from paying off your previous mortgage can be used in any way the owner likes. Of course, the smartest would be to invest this money either back into the house or in some other way. In many cases, it's smart to pull some cash out to update a house in order to increase the value. If the remodeling is done in the right areas of the house it would be possible to profit by doing nothing! Technically, it wouldn't be "nothing" but one could refinance his or her home, use those proceeds to hire out the work and increase the value by more than was spent.

FHA Refinance Requirements

  • Owner must have owned and lived in home for 12 months..

  • Owner must have good credit and timely payments for 12 months.

  • All borrower’s credit must qualify.

  • Loan amounts must be below the maximum for that area.

Click here to read article at HomeConstructionImprovement.Com

Featured Local Company

Taylor Bean and Whitaker

404-454-3658
6707 MANCHA STREET
COLLEGE PARK, GA

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