USDA Loans

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North Georgia Lending is here to help local Cumming, GA homebuyers understand USDA home loan programs.  Sponsored by the United States Department of Agriculture (USDA) these home loans are a great source of financing with many benefits. Many potential homeowners can get approved for no down payment, 100% financing, and construction loans. That’s right, even… [Read More]

What is a Jumbo Loan?

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A jumbo loan is a type of loan used to purchase a home when the loan amount exceeds the limits imposed on various other loans. Fannie Mae and Freddie Mac place limits on the size of the loans they will purchase from lenders. When those limits are exceeded, you will find yourself in need of… [Read More]

Learn More About Cash-Out Refinancing

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If you currently own a home and there is equity available in the home, you can refinance your current mortgage balance into a larger mortgage and receive the difference in cash. If you decide you want to refinance and get cash out of your home, you will need to speak with a lender and make… [Read More]

What is a Conventional Loan?

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If you are scouting out lending options as a home buyer, you probably have come across varying types of loans, and one of the most common you will see is a conventional loan. This type of loan is a mortgage that is not attached to a government agency like the Federal Housing Administration (FHA) or… [Read More]

VA Loans: Honoring Those Who Have Served

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Members who have served in the military or armed forces can be eligible for a VA loan to help them purchase a home. These candidates can use these loans to help finance the purchase of land or a home. VA loans can be very beneficial even if the case you are not a first time… [Read More]

A Look at Fixed Rate Mortgages

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A fixed rate loan or mortgage is a loan that has an interest rate that stays the same throughout the life of the loan. That means it’s not going to increase or decrease so you will always know what to expect on the payment side. Whenever you take a out a loan whether it be… [Read More]

The Home Buying Process

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Whether you are a first-time homebuyer or have owned a home in the past, the process of buying a home can be a bit intimidating. Your home will most likely be the largest investment you make during your lifetime so it is important to understand the home buying process. In this week’s blog from North… [Read More]

What Not To Do During A Mortgage Approval

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When applying for a mortgage, lenders take deep look into each borrower’s financial history to determine if they will approve the loan. The housing crisis has caused lenders to be more cautious with potential borrowers. Leniency and flexibility that may have been offered in the past may not be offered when applying for a loan… [Read More]

What is FHA Streamline Refinancing?

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If you have an FHA mortgage and are interested in securing a lower interest rate, FHA Streamline refinance is a great option to consider. FHA-insured mortgages are a type of nonconventional financing with flexible approval requirements, which makes them appealing for many types of borrowers. After just six months, qualifying borrowers can apply for FHA… [Read More]

What is Rate-and-Term Refinancing?

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A mortgage is a serious commitment, but it is not something that you’re stuck with forever. Refinancing is an option to replace your existing mortgage with a new one that works better for your life. While refinancing has its benefits, you should think carefully about your current and future needs when determining if you need… [Read More]