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VA loans offer benefits like no down payment, no private mortgage insurance, and competitive interest rates. Eligibility requirements for VA loans vary and are specific to veterans and active-duty military personnel. VA loans can only be used for primary residences, subject to minimum property requirements....

Georgia housing market is expected to be a favorable environment for both buyers and sellers in 2024. The housing market in Georgia is expected to continue its growth trajectory into 2024. Thomaston, Toccoa, Cedartown, Cornelia, and others are expected to experience significant increases in home prices by October 2024....

The minimum credit score needed to buy a house can be as low as 580 for some loans, but a score of 620 or higher is generally required. Different loan types have different credit score requirements. FHA loans accept scores as low as 500 with a 10% down payment, while conventional loans typically require a minimum score of 620. Other factors, such as your overall debts and down payment size, also play a...

Georgia lawmakers discuss rent control amid statewide housing cost challenges. A state representative highlights 37 states with existing rent control measures. Legislators emphasize the widespread impact on working-class and middle-class residents....

Georgia is ranked as one of the most affordable states in the United States, with a Cost of Living Index of 88.8. Key cost elements and their respective index scores in Georgia are as follows: Groceries: 95.9 Housing: 74.4 (4th lowest in the nation) Utilities: 90.5 Transportation: 92.6 (among the lowest in the country) Health: 96.7 Miscellaneous:...

A first mortgage is the primary loan used to buy a home, giving the lender the first claim on the property in case of foreclosure. It is easier to qualify for than a riskier second mortgage. First mortgages are typically used to finance the purchase of a home, with the lender having priority over any second mortgages. Second mortgages have higher interest rates and usually don't require private...

Real estate experts predict that in 2024, buyers who left the market due to high interest rates will re-enter, interest rates will eventually fall, it will be a good market for foreign buyers, inventory will increase, and the luxury market will continue to thrive. Additionally, prices may dip but will likely go up again, and fixer-uppers may become more attractive to buyers compared to turnkey...

Charleston, SC: A growing East Coast city with beautiful beaches, evolving job market, and considerations for crime rates. Savannah, GA: The oldest city in Georgia, known for its historical charm, below-avg home prices, and a job market dominated by various industries....

82% of recent homebuyers were assured they could buy now and refinance later, according to a new survey. 84% plan on refinancing to a lower rate in the future. 43% are waiting for rates to drop between 5.5% and 6% to refinance....

Witnesses testify in Columbus on the importance of Georgia's low-income housing and historic rehabilitation tax credits. The Joint Tax Credit Review Panel examines various tax incentives in the state, aiming to assess their impact on Georgia's economy.The Georgia Department of Community Affairs highlights the crucial role of the state's...