USDA Rural Housing Loan: Georgia: Peachtree City

USDA Rural Housing loans provide individuals and families with affordable financing for those who have little savings. This blog provides updates on USDA, local trends, and a quick way to apply online for this fantastic loan program. GBC lends to all 50 states!

Kedron in Peachtree City, Georgia

Kedron in Peachtree City, Georgia is located on the North end of Peachtree City.  Peachtree City is located on the south metro side of Atlanta in Fayette County.  It is one of Pathway Communities sigature creations.  Peachtree City is home to more than 30,000 residents with tons to offer.  The beautiful cities stretches approximately 15,000 acres, features more than 125 neighborhoods and has four distinct villages: Braelinn, Aberdeen, Glenloch, and Kedron!  There are plenty of architechural styles to choose from.  Most of the cities most distinctive features is its 90 miles of public cart paths that link the entire city together.  These paths, great schools, low crime, and beautiful homes have made Peachtree City the #8 best city to live in the United States!

Kedron is an area in Peachtree City that is full of neighborhoods, schools, cart paths, recreational activities, great shopping, and a lake! 

Elementary Schools:

  • Kedron
  • Crabapple Lane

Middle School:

  • J.C. Booth

High School:

  • McIntosh

Each one of these schools are rated top in the state of Georgia.  McIntosh is the number one high school in Georgia.

Kedron and Peachtree City also features 3 great golf courses that are all linked by golf cart paths.

  • Braelinn Club
  • Flat Creek Club
  • Planterra Ridge Club

These courses are part of the Canongate Golf Communities which has over 20 courses throughout Georgia and the Southeast!

Parke and Recreation:

  • Lake Kedron docks
  • Kedron Field house and Aquatic Center
  • Kedron Multipurpose Rink
  • Peachtree Dive Center, Inc.
  • Riley Field

Top Selling and Desirable Neighborhoods!

  • The Pointe
  • The Peninsula

Both of these neighborhoods have quickly become the most desired places to live in south metro Atlanta.  They both sit on Lake Kedron's beautiful shore line and have the most amazing homes in Kedron!  Check back this week for photos and details on these two highly desired places to call home!

Justin Messer | Active Rain Confirmed Loan Officer | SEO Trainer

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1 comment • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • March 26 2010 12:07PM

Smokerise Estates in Peachtree City, Georgia

Justin Messer | Georgia Banking Company | 770-631-5750
516 Ashley Way, Peachtree City, GA
SPECTACULAR FULL BRICK 6100+ SQ FT SHOWPLACE PLUS FINISHED TERRACE LEVEL! Stunning 2 story great room + vaulted keeping room, banquet size dining, ove
5BR/4+1BA Single Family House
offered at $698,500
Year Built 1994
Sq Footage 6,100
Bedrooms 5
Bathrooms 4 full, 1 partial
Floors 3
Parking 4 Car garage
Lot Size 1 acres
HOA/Maint $0 per month

DESCRIPTION
* Single Family Property
* Status: Active
* Area: 171
* County: FAYETTE
* Subdivision: SMOKERISE ESTATES
* Year Built: 1994
* 5 total bedroom(s)
* 4.5 total bath(s)
* 4 total full bath(s)
* 1 total half bath(s)
* Two story
* Type: Renovated home, Renovated home, Detached home
* Style: European, Traditional
* Dining room
* Basement
* Laundry room
* Bedroom(s) on main floor
* Hardwood floors



* 2 fireplaces
* Fireplace features: Great room, Living room, Factory built, Gas, Gas logs
* Garage
* Attached parking
* Heating features: Central, Forced air, Gas
* Central air conditioning
* Interior features: Basement entrance on the inside, Basement entrance on the outside, Daylight basement, Finished basement, Full basement, Ceiling fan(s), Zoned temperature control, Double pane window(s), Energy efficient home, Gas water heater, Programmable thermostat, Central vacuum system, Cooktop range, Dishwasher, Disposal, Double oven, Fire/smoke alarm(s), Ice maker line, Intercom system, Microwave oven, Refrigerator, Security features, Wall/built-in oven, Zoned temperature control, 9 ft.+ ceiling(s), Built-in bookcase(s)/shelves, Foyer, Jetted bathtub/whirlpool, Tray ceiling(s), Two story foyer, Vaulted ceiling(s), Wall to wall carpeting, Breakfast area/room, Breakfast bar, Keeping room, Kitchen island, Pantry, Upstairs laundry, Bonus room, Great room, In-law suite, Library, Recreation room, Separate dining room, Separate living room, Bedroom(s) on upper level(s), Basement bathroom(s)
* Exterior features: Lake/river area/setting, Street lights, Underground utilities, Deck, Garden area, Outside workshop, Sprinkler system, TV cable available, Greenbelt, Level lot, Private backyard, Wooded, Automatic garage door, Public water supply, Septic sewer system
* Exterior construction: Concrete foundation, Brick
* Roofing: Composition
* Community park(s)
* Community recreation facilities
* Community tennis court(s)
* Corner lot
* Located on a cul-de-sac
* Elementary School: CRABAPPLE
* Middle School: BENNETTS MILL
* High School: MCINTOSH

see additional photos below
PROPERTY FEATURES
- Central A/C - Central heat - Fireplace
- Hardwood floor - Tile floor - Family room
- Living room - Bonus/Rec room - Office/Den
- Dining room - Breakfast nook - Dishwasher
- Refrigerator - Stove/Oven - Microwave
- Granite countertop - Stainless steel appliances - Attic
- Basement - Washer - Dryer
- Laundry area - inside - Balcony, Deck, or Patio - Yard

COMMUNITY FEATURES
- Swimming pool(s) - Tennis court(s) - Golf course
- Lake - Playground

 

ADDITIONAL PHOTOS

Street View

Front Entry

Sitting Room

Kitchen

Dining Room

Master Suite
Contact info:
Justin Messer
Georgia Banking Company
770-631-5750
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 25, 2010, 12:38pm PDT

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0 comments • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • March 26 2010 11:12AM

2010 changes to FHA

FHA, the Federal Housing Administration, has announce many changes for 2010.  The FHA wants to lower its market share in residential mortgages throughout the United States.  They are currently insuring around 40% of mortgages throughout the nation.  In an attempt to lower market share, they are increasing their UFMIP from 1.75% to 2.25% on all FHA loans.  A little over a year ago, this amount was only at 1.5%.  Most of the 2010 changes to FHA will not take place until April.  Althought these 2010 changes to FHA are positive, it will also slow any recovery to boost the housing market.  Odds are, they will only last for a couple of years.  For more information on other loan products, visit Justin Messer at GBCmortgage.com.

Via Sabrina Linman (Prime Lending):

The rumors are true and I am excited! FHA has handed down the changes...

 

FHA had talked about increasing down payment to 5% rather than 3.5%

  • Increased Enforcement- HUGE WIN!  Let's get the lenders that are not playing by the rules out of here- - the one's doing it right!
  • MIP changes- not as big as you think- the analysis on monthly payment isn't a big hit
  • We all have to follow the same rules, so no one has a leg up!
  • 3% vs. 6% seller concession- talk to your borrowers about gifts! 

   Credit and Credit Scores

  • New borrowers will now be required to have a minimum FICO score of 580 to qualify for FHA's 3.5% down payment program. New borrowers with less than a 580 FICO score will be required to put down at least 10%. (PrimeLending requires a 620 credit score for all transactions)
  • This allows the FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well.
  • This change will be posted in the Federal Register in February and, after a notice and comment period, would go into effect in the early summer.

Reduce allowable seller concessions from 6% to 3%  

  • The current level exposes the FHA to excess risk by creating incentives to inflate appraised value. This change will bring FHA into conformity with industry standards on seller concessions.
  • This change will be posted in the Federal Register in February, and after a notice and comment period, would go into effect in the early summer.

Increase enforcement on FHA lenders  

  • Publicly report lender performance rankings to complement currently available Neighborhood Watch data - Will be available on the HUD website on February 1.  
  • This is an operational change to make information more user-friendly and hold lenders more accountable; it does not require new regulatory action as Neighborhood Watch data is currently publicly available. Enhance monitoring of lender performance and compliance with FHA guidelines and standards.  
  • Implement Credit Watch termination through lender underwriting ID in addition to originating ID.
  • This change is included in a Mortgagee Letter to be released tomorrow, January 21st, and is effective immediately.
  • Implement statutory authority through regulation of section 256 of the National Housing Act to enforce indemnification provisions for lenders using delegated insuring process Specifications of this change will be posted in March, and after a notice and comment period, would go into effect in early summer.
  • HUD is pursuing legislative authority to increase enforcement on FHA lenders. Specific authority includes:  
  • Amendment of section 256 of the National Housing Act to apply indemnification provisions to all Direct Endorsement lenders. This would require all approved mortgagees to assume liability for all of the loans that they originate and underwrite
  • Legislative authority permitting HUD maximum flexibility to establish separate "areas" for purposes of review and termination under the Credit Watch initiative. This would provide authority to withdraw originating and underwriting approval for a lender nationwide on the basis of the performance of its regional branches

In addition to the changes proposed today, the FHA is continuing to review its overall response to housing market conditions, and continuing to evaluate its mortgage insurance underwriting standards and its measures to help distressed and underwater borrowers through FHA/HAMP and other FHA initiatives going forward.

These changes are a positive move for our industray. Industry leaders will embrace them and continue to help more people achieve their dreams of home ownership!

Justin Messer | Active Rain Confirmed Loan Officer | SEO Trainer

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1 comment • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • January 22 2010 04:40PM

Peachtree City, Georgia Real Estate Agents

Peachtree City, Georgia real estate agents are a fantastic way to find the right home at the right price.  Homes for sale in Peachtree City, GA have begun to see a turnaround.  The turnaround has not necessarily taken off, but listings have started to move.  If you are thinking about listing your home or if you are simply new to the area and are in need of a great agent, then take a moment to review a few of the local offices. We have many fantastic real estate offices located in Peachtree City, Georgia.  These realtor offices are located all throughout the area.  A few brokerages that I highly recommend are

Obviously, there are many wonderful agents in Peachtree City, Georgia that can help you find the perfect home.  If you are looking to purchase, then there is no reason you should not have a real estate agent.  They can help you find the right property at the right price.  If you are a first time home buyer, then I highly recommend having an agent.  Agents will help you make sure you are protected with the proper contract contingencies such as a financing contingency and the appraisal contingency.  These contingencies allow you to receive a refund for your earnest money deposit if you are denied approval for a loan from your mortgage company or if the appraisal on the property comes in lower than the anticipated sales price. Peachtree City, Georgia real estate agents will also help you negotiate a sales price so that you are getting the deal that best meets your needs.  In today's market, the majority of seller's are more than willing to pay a portion of, if not all, closing costs.  So, if you are able to have your Peachtree City, Georgia real estate agent negotiate all the cloisng cost, then you will be in a fantastic position. 

To see how you can purchase a home with no down payment, no money out of pocket, and obtaining the first time home buyer tax credit, then visit my wealth creation blog to see how.

Before you speak with a real estate agent in Peachtree City, Georgia, its wise to be proactive and speak with a licensed mortgage professional from the local area.

 

 

Justin Messer | Active Rain Confirmed Loan Officer | SEO Trainer

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0 comments • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • November 08 2009 03:23PM

4 Bed 2.5 Bath home in Peachtree City, Georgia

4 Bed 2.5 Bath home in Peachtree, Georgia is located in the Albemarle subdivision right behind the Kedron shopping center.  This is a fantastic Peachtree City, Georgia property.  This home sits on a corner lot with great landscaping and a perfect sized yard.  The master suite is on the main level.  The master bath includes a large garden tub with a separate tiled shower and double vanity with granite counter tops.  Throughout the home, there is brand new paint, carpet, ceramic tile in both kitchen and baths, new fixtures through out home, new stainless steel appliances, and new granite counter tops.  There is mudroom with washer and dryer along with a 2 car garage.

The property address of this 4 bed 2.5 bath home in Peachtree City, Georgia is 206 Albemarle Lane. 

This property is available for Sale @ $279,900 or for Lease Purchase.  Owner Financing is available on 206 Albemarle Lane.  If you would like to purchase this home and have poor credit, then a lease purchase option or owner financing will be the way to go.  If you would like to see if you are approved first, call Justin Messer at Northstar Mortgage Group at 770-631-5750. 

Monthly Payment Scenarios:
20% down = $1168 payment
15% down = $1241 payment
10% down = $1314 payment
FHA 3.5% down = 1433 payment


Please call Brian at 678.618.2803 for information regarding this 4 Bed 2.5 Bath home in Peachtree City, Georgia or payment and purchase options.







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0 comments • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • October 27 2009 03:55PM

No Property Tax Increase In Peachtree City for FY 2010!!

 

No Property Tax increase in Peachtree City, GA for 2010!

 

 

Via Greg Saunders (RE/MAX Around Atlanta):

Hey Peachtree City & AR...City Council recently voted by a margin of 3 to 2 not to increase property taxes for fiscal year 2010!  However, Council did agree to increase the millage rate to 5.711 mils.  The increase in the millage rate would prevent the usage of cash reserves for the FY 2010 budget.  Just in case you are wondering were the money is going....approximately 16.5% is headed to Peachtree City, 67.2% goes to Fayette County School Board, 15.5% goes to Fayette County and 0.7% goes to the State.  Three public hearing were scheduled (as required by law) to advertise the increases. 

Peachtree City's Finance Director, Paul Salvatore and City Manager Bernie McMullen recommended the increase which would have raised the average resident's taxes an additional $27.00 and brought a total of $474,000 in revenues to the City's coffers.  According to City officials, without the raise in millage the City would have been forced to use almost a half million dollars out of the current $9 million in surplus monies. 

There is much speculation surrounding the decision as concerns for a continuing downturn in the economy may pose a risk to current budget reserves.   Some officials believe that uncertain and unstable economic conditions could lead to a more substantial tax increase down the road.  Pundits have indicated that realistically not raising property taxes could result in property tax increases of $300 next year.

Peachtree City mayor Harold Logsdon has been outspoken on his objection to a tax increase based on the 35% excess in cash reserves.  Logsdon feels that the City can use a portion of their cash reserves to eliviate a tax increase and still keep a 33% reserve.  The City's policy is to keep 20% to 25% in reserves.      

Should taxes have been increase?  Well...Salvatore further stated that the survey results from residents and businesses who responded indicated a 70% and 74% support of the increase. 

Okay Peachtree City, of course the looming question in your mind is.....what is the percent of responses received from the survey sent to businesses and residents?  Great question!  May I suggest a call to your local councilperson or to Mr. Salvatore's office to get an appropriate response.

Justin Messer | Active Rain Confirmed Loan Officer | SEO Trainer

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0 comments • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • October 26 2009 04:13PM

President Obama Wins Nobel Peace Prize.....What Does This Say To Our Children? A Discussion

 

President Obama Wins Nobel Peace Prize. 

How did this happen?

 

Via Karen Parsons-Fiddler Broker/Realtor (Great Western Realty Group):

I don't want this to turn into a pro-Obama, anti-Obama post! I just wonder if his Presidency is giving our children a good message or a bad one. Two different ideas occur to me.

1: Good Message: President Obama is clearly a triumph for race relations. Most of us are old enough to live during a time this would have been out of the question. He campaigned on ideas and was not openly a member of an old boys club, nor did he have family connections. He was a fresh face and had his own ideas to promote. In this sense.....is it a good message?

If you want to achieve something, you can.....you can promote your ideas and succeed.

2: Bad Message: President Obama has just won a Nobel Peace Prize which is a high honor for working hard and making a difference. By virtue of his youth and inexperience....he hasn't achieved anything. Yet....he's being awarded an extreme honor based on the hope that he will. Is this a bad message?

You don't need to accomplish anything to get the same awards and accolades as others....ie, you'll get an A for effort or intention.

Your thoughts?

Justin Messer | Active Rain Confirmed Loan Officer | SEO Trainer

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1 comment • Justin Messer AR Confirmed Loan Officer USDA Rural Housing Loan • October 21 2009 02:57PM

Note from Sen. Johnny Isakson: Support of Extension of 1st Time Home-Buyers Tax Program!

   Hello again Peachtree City & AR!  You probably didn't know this but I have been     a proponent for gaining the support from our elected officials related to getting an extension of the 1st Time Home-Buyers program.  My efforts went so far as to send personal letters to both Senators Saxby Chamblis and Johnny Isakson asking for their positions on pending issues and continued support on others. 

   Folks, I would be remiss if I first didn't state that I received responses from both Senators.  I thought I'd share the response I receive from Sen. Johnny Isakson which acknowledged his efforts as co-sponsor of the Bill to extend the tax credit to 2010.  What you may not have known is that he also fully supports a Bill that would also create a $15,000 tax credit for all home buyers. 

I've contacted both Senators on other issues that I strongly supported such as the down-payment assistance program and getting federal assistance to help the thousands of recent flood victims.  Folks, can I be blunt for just a minute?  Regardless of whether you voted for the person that is currently in office or not, this is the person duly elected to represent you!  Can we put partisan politics aside for a minute and just talk about the facts? 

The housing and financing industries are still in crisis!  Bank of America just reported recent losses of $2.24 billion for the 3rd quarter of 2009 as loan losses keep sky-rocketing!  Recently Senator Vincent Fort was able to get Wells Fargo/Wachovia not to foreclose on about a thousand homes that were set to be sold on the court house steps in Atlanta.  In fact he and other protesters were arrested on August 31st at the Camp Creek marketplace offices of Wells Fargo for participating in a protest related to exposing predatory lending practices by Wells Fargo and Wachovia and their role in Georgia home foreclosures.  By the way, Wells Fargo/Wachovia received $25 billion in tax-payer bailout assistance! 

We need more than ever for our elected officials to step up and help find solution to these pressing issues that are affecting us all! 

However, don't relinquish your responsibilities by merely relying on our elected officials to come up with all the answers.  Take the opportunity to express your concerns to our elected officials and do what you can to make things happen.  The bottom line is that in the end we all will be impacted by the decisions made my our electorate and the solutions that will be passed down as laws.  You have a voice, a choice and a vote!        

 

 

 Dear Mr. Saunders:

 Thank you for contacting me regarding the extension of the current $8,000 first-time homebuyer tax credit. I appreciate your thoughts and the opportunity to respond.

 We are quickly approaching the November 30, 2009, sunset of the of the $8,000 first-time homebuyer tax credit. The current credit that was enacted as part of the American Recovery and Reinvestment Act has enable to roughly 2 million individuals to tax credit. According to the National Association of Realtor's 350,000 additional home sales have taken place because of the current credit. In response to the November 30sunset, I have signed on as a co-sponsor of S.1678 a bill to extend the first-time homebuyer tax credit until June 1, 2010. 

 While home sale numbers on entry level homes have begun to increase, there continues to be gridlock in the "trade-in" and "move up" market. A family who has been transferred to Georgiafrom another state is still having a hard time selling their previous home. With so many pending purchases contingent on the sale of the previous home, markets in this category continue to be locked. That is why I continue to support a $15,000 tax credit available to all homebuyers toward the purchase of a primary residence within one year after the date of enactment. We should at least continue the existing tax credit until June 30, 2010. I know there are concerns regarding the costs of an expanded tax credit but, there are ways to pay for this tax credit without increasing the national debt. Some estimates say an expanded tax credit could spur 700,000 additional home sales and generate 600,000 jobs for our economy. The U.S. economy is strongest when we have a vibrant housing market. Rest assured I will continue to support commonsense legislation that spurs growth in our economy.

 Thank you again for contacting me.  Please visit my webpage at http://isakson.senate.gov/ for more information on the issues important to you and to sign up for my e-newsletter.

Sincerely,
Johnny Isakson
United States Senator
0 comments • Greg Saunders • October 20 2009 04:31PM