At PeachStateMortgage.com, you’ll find a variety of loans to choose from, and we'll help you choose the right loan program specifically tailored to your personal credit and financial situation that will enable you to finance your dream home.
The Right Georgia Home Loan at a Great Mortgage Rate
We offer a wide range of home loan options on primary residences, second/vacation homes, and investment properties. Please click on a loan program below that interests you.
There really isn't a single or simple answer to this question on how to choose the best loan program for you and your family. The right type of Georgia home mortgage loan for you depends on many different factors, which includes some of the following:
Your current financial picture.
How you expect your finances to change.
How long you intend to keep your house.
How comfortable you are with your mortgage payment changing.
For example, a 15-year fixed rate home mortgage can save you many thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage -- but your payments could get higher when the interest rate changes.
The best way to find the "right" answer is to discuss your finances, your short-term and long-term plans, your financial prospects, and your preferences truthfully and honestly with a Georgia home loan mortgage loan officer from Peach State Mortgage.com. We will help you make the right decision!
View our available Georgia home loan programs below.
Financing Options
Zero Down 100% Financing, 80/20 Mortgages - PeachStateMortgage.com offers 100% programs for borrowers with no money available for their down payment. Some if not all closing cost can be paid by the seller . Loan programs such as 80/20 mortgages also available to avoid PMI.
Click The Peach To Pre-Qualify. -----------------------------------------------------------
Stated Income Loans - Type of mortgage where the borrower states their income but is not verified by the lender.
Interest Only Mortgages - A mortgage where the amount borrowed is not repaid until the end of the term of the loan. Repayments consist of interest, fees and charges. Our interest-only mortgage products are designed to give homeowners and homebuyers lower monthly payments. For homebuyers, low interest-only mortgage payments means lowered monthly payments and/or the ability to purchase "more house".
Fixed Rate Mortgages - Mortgages in which the interest rate is set for the term of the loan. A good mortgage for borrowers that like the security of having their mortgage remain the same throughout the term of the mortgage loan.
Adjustable Rate Mortgage (ARM) Mortgages - Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Arm products include 1/1 arms, 3/1 arms, 5/1 arms, 7/1 arms and 10/1 arms. Interest only option is also available on these arms.
Conforming Loans - Mortgage loans up to $417,000. Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Conforming loans typically have higher loan limits than FHA loans.
10% Down Investment/Rental Properties - PeachStateMortgage.com offers many loan programs to the investment buyer that wants to put the least amount down. Typically these loan programs differ from a conforming loan in that a slightly higher interest rate is charged. A down payment of 10% is needed to qualify for conforming rates. Loan to values to 90%.
5% Down Primary or Second Home Purchase - We offer a wide variety of loan programs for a primary purchase and can even offer 5% down financing on a second homes for qualified borrowers. Mortgage payment terms can be structured to the borrowers’ particular needs that include 30, 20, 15 and 10 year fixed rates, ARM’s, and many balloon programs.
No Income Verification - No-Income, No-Asset, No-Job Verification loans allow borrowers with very good credit to secure a mortgage without proving income and in some cases assets. This is especially helpful for self-employed individuals or commissioned borrowers who write off large deductions to reduce their income tax consequences. They also benefit those who can't or don't want to prove where the down payment and closing costs are coming from. These loans can be secured with as little as 5% down payment for those who qualify based on credit history. Naturally these mortgage loans come with a slightly higher interest rate due to the enormous amount of risk the mortgage lender assumes.
New Construction - PeachStateMortgage.com has the ideal home mortgage program for new construction -- our "Extended Lock" mortgage. It´s available for conventional loans. We´ll lock in your interest rate for a maximum of 180 days while your new home is being constructed. When your home is completed, and it´s closing time, you´ll get the original interest rate you locked in, even if interest rates have gone up since then.
Credit Problem Programs, Subprime Mortgages - PeachStateMortgage.com's skilled mortgage loan officers believe that everyone is entitled to a second chance. There are many loan programs that may be available to you, even if you do not meet traditional approval guidelines. While the interest rates on these mortgage loans are generally a little higher, our non-conforming mortgages provide you with an opportunity to rebuild your credit, help you to consolidate outstanding debts, make home improvements or provide you with additional cash for whatever you may need!
First Time Home Buyers - PeachStateMortgage.com understands the excitement and pressure that first time homebuyers may go through. That is why we have trained mortgage professionals to help you get the information and the home financing you need for your first time home purchase.
Pre-approval Programs - We have special Pre-approval Programs that allow borrowers to assess how much house they can afford, as well as get them the information and conditional approval they will need to purchase a house. Our pre-approval process is quick, accurate, and free. Pre-approval means that borrowers have successfully qualified for the loan for which they have applied for prior to having a property picked out. Having an approved loan application means borrowers can begin the closing process on the house.
Imperfect Credit Loans, Bad Credit Georgia Mortgages- Imperfect credit home mortgage loans allow borrowers with less-than-perfect credit to qualify for competitive interest rates to buy a home, consolidate debt, lower payments or make home improvements.
