Mortgage Information

If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

I would be happy to refer you to some very good mortgage contacts I have in the Albany and Leesburg Georgia areas, or to help you in any other way I can to secure the best possible rate for your home purchase.

 

Prequalification is a quick, easy step in which we review information you provide regarding your income, debt, assets and money available for down payment to help you determine the amount and type of loan that may be appropriate for you.

What you'll need to provide

  • Two most recent pay stubs, reflecting 30-day and year-to-date earnings
  • W-2s from the previous two years
  • Social Security, pension, retirement or investment statements
  • Federal tax returns from the previous two years if self-employed or commissioned
  • Copies of your two most recent bank statements on all checking and savings accounts
  • Copy of Driver's License

Find the Right Loan

Understand the different options and what it means for youWe offer the following mortgage programs with competitive rates and flexible terms that can be personalized to your unique home-buying needs:

 

Conventional Mortgage
Through this traditional method of home financing, your monthly P&I (principal and interest) payment generally remain the same for the term of the mortgage. A down payment of less than 20 percent may require you to pay private mortgage insurance (PMI).

 

FHA Loans
If you have less of a down payment or job or credit history, our Federal Housing Authority loans may provide you more of the flexibility you need in financing a home. These loans may offer lower interest rates than a conventional mortgage. A down payment of 20 percent or more may help you avoid FHA mortgage insurance.

 

VA Loans
If you have served in the U.S. Military, you may qualify for a Veteran Affairs home loan. Similarly to an FHA loan, VA loans are federally guaranteed, making home buying more affordable with a smaller down payment, no PMI to pay and potentially lower interest rates.

 

 Get Prequalified

An important first step in home buying is to review your finances to determine the following:

To demonstrate you're a serious buyer, you'll want to get in touch with A Mortgage Loan Officer to:

  • Get prequalified for an estimated home loan amount
  • Determine which loan program will fit your needs, which includes a review of your credit history and other factors

Then, you'll be in a position to begin your search.

 

Anticipating the Costs of Buying a Home

Such costs may include moving expenses, loan costs, the down payment, a home inspection, title work and policy, and paying for a new hazard insurance policy. Your lender can provide you with a disclosure of estimated costs when you apply to be pre-approved for a home loan.

 

Mortgage Loan Officers in the Area

  • Heritage Bank - Debbie Sutton: (229)878-2022
  • Assurance Mortgage - Evie Carver: (229)420-8225
  • SunTrust Mortgage - Erin Mcdonald: (229)-430-5716
  • Regions Mortgage - Tamara Gibbs: (229)431-2943
  • Albany Bank & Trust - Marilyn Odum: (229)317-3542 Ext:145
  • Ameris Bank - Angela Denny: (229)434-4555
  • Flint Community Bank - Patsy Phillips: (229)903-1400

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Use the mortgage calculators below to assist you in making some decisions around financing your new home.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.