First Time Homebuyers in Georgia

So you’re looking at buying a house for the first time, now what? The search for your first home (and mortgage) can be scary, difficult, and downright complicated. Don’t worry! Northpoint Mortgage is here to help! Here is some basic info on some great first-time homebuyer programs available in the state of Georgia:

FHA

• Minimum 3.5% Down Payment requirement

• Credit Scores >600

• Seller Contribution Limit: 6% of sales price towards closing costs

Conventional

• Minimum 3% Down Payment requirement

• Fannie Mae HomeReady

• Freddie Mac HomePossible

• Freddie Mac HomePossible Advantage