Georgia FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Georgia borrowers the opportunity to secure GA home loans, when they don't quality for other conventional loans. For example, future Georgia homeowners with little credit history or poor credit history are sometimes able to qualify for Georgia FHA loans.
Georgia FHA Loans for First Time Homeowners
GA FHA loans are ideal for first-time Georgia homeowners due to low down-payment requirements and flexible qualifying guidelines.
Refinancing with FHA Loans in Georgia
FHA also offers a refinancing option for Georgia homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.
FHA Loan Requirements - Georgia
- No income limit
- Georgia borrower credit score flexibility
- 3.5% down payment on Georgia Purchase Loans
- Bankruptcy: GA FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Georgia (GA) FHA Loan Limits
FHA loan limits in Georgia vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Georgia), etc. Please contact Home Point Financial's Georgia FHA loan experts for details on loan limits for FHA loans in Georgia (GA).
Contact Home Point Financial to learn more about home loans and refinancing in Georgia.