Florida Mortgage News from Florida Mortgage Lender Inlanta

New – Guild Mortgage Inlanta offers Govt. Loan Options for Credit Scores as low as 581 & No Score Option

February 21st, 2017 by Ima Admin

Family in new home to depict Inlanta's Florida Home Loan Solutions new low score program for government-backed mortgages

Florida mortgage lender, Inlanta, has new ways to help FHA, VA, and USDA home buyers qualify for government-backed loan programs, even if they have less-than-perfect credit, or in some cases, no credit rating.

“We know that people are more than their credit score,” said Jonathan Arnold, a branch manager and loan originator with Inlanta. “There are people who have never missed a payment, but come in with 581 credit scores. Meanwhile, there are people finishing up bankruptcies that have a score of 650. Sometimes the credit score just doesn’t tell the whole story.” Read the rest of this entry »

Florida Housing Shortages

January 26th, 2017 by Inlanta Staff

Where have all the homes gone?

On a national level there are only 1.65 million homes for sale equating to about 3.6 months of inventory, down from 3.9 months last year at the same time. In an ideal situation, there will be six months of inventory to provide for healthy and well balanced market. The National Association of Realtors (NAR) provided the info-graphic at the left comparing where existing home sales where in 2015 compared to 2016.

With these bleak levels of inventory home buyers must be prepared to act quickly, expect multiple offers and potentially need to offer over list price to get their dream home.

What does all this mean?

There is clearly a need for more homes on the market for sale.
It is important as a potential home seller to know all your financing options. Can you buy before you sell?
Make sure as you are fully pre-approved, not just pre-qualified.
As a potential home buyer it is important to know if renovating an older and/or outdated home is an option for you.
Bottomline is you need to be well informed and be well aware of all the options available to you before making the decision to buy and sell in today’s market.

How can Guild Mortgage Inlanta help you?

The Inlanta team is here to create a long-term relationship that starts with a great conversation. It is important to learn up front what is most important to you, what makes the most sense for your life circumstances and what long term goals you have. Our proactive approach means getting to know your story, so together we can meticulously prepare the best mortgage loan for you.

Lets Start the Conversation Today.

FHA and VA Increase Loan Limits for 2017

December 12th, 2016 by Inlanta Staff

fha_va We’re very pleased to announce that loan limits have increased for both Federal Housing Administration FHA loans and Department of Veteran Affairs VA loans. Any applications filed on January 1, 2017 or later will be subject to the limit increase.

Read this post from Guild Mortgage Inlanta to get the full story on the increase and why it makes 2017 a great year to buy a home. Then, contact us to discuss your options or begin your application today! Read the rest of this entry »

Maximum Conforming Mortgage Loan Limits Increase

December 1st, 2016 by Inlanta Staff

Maximum Conforming Mortgage Loan Limits where increased by The Federal Housing Finance Agency (FHFA) from $417,000 to $424,100 for the first time since 2006. In higher cost counties the mortgage loan limit will increase from $625,500 to $636,150.

“The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each year to reflect the changes in the national average home price,” read the statement from FHFA. With this increase along with rising home prices is an indication that the housing market has returned to pre-recession growth.

With this increase in home loan limits homebuyers have an option of choosing a conventional home loan over jumbo loans which provides more favorable loan terms resulting in real savings to the consumer over the life of the mortgage.

All these changes only have an affect on mortgage loans that are closing on or after January 1, 2017. One advantage our Guild Mortgage Inlanta Team has is that we are a direct mortgage lender with Fannie Mae and Freddie Mac and are able to start taking your loan application and lock your rate today.

Ten Great Fall Decorating Ideas

November 1st, 2016 by Inlanta Staff

fall-decor-tips_550x280 Fall is officially here and you know what that means – cooler air, warmer clothes, fun seasonal activities, football, and a change in scenery. For many, changes in scenery are not only outdoors, but also in their home. Fall decorations are all about warmth. Incorporating warm colors, such as reds and oranges, and warm aromas, such as pumpkin, apple, orange, cinnamon, and other spices, make for a cozy home during the autumn season. Here are some décor ideas to help make your home feel like the perfect fall getaway!

Read the rest of this entry »