Loan Options | First Heritage Mortgage

What is the Georgia Dream Program?

Post Looking to move to Georgia? That’s just peachy! Whether you’re a first-time homebuyer or not, while the process at times may seem like a hassle, purchasing a home is an exciting time. As there are several programs that can help…

What is an FHA Loan?

Post As we are all unique, it’s critical that when you begin your home buying journey you do thorough research on what loans you can apply for. A popular loan choice among first-time homebuyers is a Federal Housing Administration (FHA) Loan.…

What Areas Qualify for a USDA Loan?

Post Life in the city isn’t for everybody. Whether it’s the crowds, the noise, or just a personal choice, many homebuyers choose to settle outside of the nation’s densely populated urban areas. Wherever you choose to purchase, it’s important that it…

What is a Cash-Out Refinance?

Post Purchasing a home is one of the largest investments you’ll make in your lifetime, and it’s important to protect your investment. For some homeowners, that might mean renovating your home to keep it up-to-date and modern. For others, it might…

Maryland Mortgage Program: What You Should Know

Post So you want to purchase a home in Maryland. Congratulations! Becoming a homeowner can mean greater stability, more control over how you live, a stronger sense of community, and the potential for building equity and wealth for the future. This…

NC Home Advantage Mortgage: What You Need to Know

For both first-time homebuyers and move-up buyers in North Carolina, the North Carolina Housing Finance Agency (NCHFA) is a fantastic option that offers stable, fixed-rate mortgage options with fantastic benefits. Qualified buyers may be eligible to take advantage of the…

What is a Non-Qualified Mortgage?

Post As you work your way through the home buying process, you’ll begin to realize that mortgage lenders typically have a set of requirements in order to qualify you for a home loan. These might include having a steady income, at…

VHDA Announces Increased Income and Sales Price Limits

Post Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits. The changes will take effect with new applications beginning September 5, 2019. Thanks to the increased limits, more first-time…

Who Qualifies for a VHDA Loan?

Post Who Qualifies for a VHDA Loan? Purchasing a home is a big life achievement for many people. That’s because it takes plenty of time and saving to be able to afford a down payment. Luckily, there are plenty of government…

7 Reasons Your Mortgage Was Declined

Being told that your mortgage was declined can leave you feeling disheartened. While it may be frustrating, it can be an important learning experience for you as a homebuyer. Mortgages can be declined for a number of reasons, but once…

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