9th December 2017

FHFA Raises Maximum Conforming Loan Limits For 2018

 

FHFA Raises Maximum Conforming Loan Limits for 2018If you’re looking to buy or refinance a home, I have great news to share with you.

Fannie Mae and Freddie Mac’s Baseline Loan Limit Will Increase to $453,100 for 2018

The Federal Housing Finance Agency (FHFA) just recently announced they will raise the maximum conforming loan limits for 2018 to a maximum amount of $453,100 – for reference, the loan limits for 2017 are $424,100. That’s $29,000 more buying power in 2018 without getting into Jumbo Loan territory. In certain high cost areas, the loan limit is even higher.

This means you may be able to:

  • Purchase a higher priced home with more financing options, possibly including lower rates.
  • Refinance an existing, higher-rate “jumbo” loan and possibly drop mortgage insurance premiums, too.
  • Combine a 1st and 2nd mortgage.

If you have questions about this 2018 conforming loan limit change, or if you need a referral to a few trusted and proven lenders who have done millions of dollars worth of loans for my clients, please reach out to me. And if you have friends who may benefit from this news, please pass it along. I’ll be happy to help.

Robert Whitfield – Broker/Owner  Advantage Realtors  678-585-9691

posted in Home Buyers, Homeowners, Mortgages | Comments Off on FHFA Raises Maximum Conforming Loan Limits For 2018

14th February 2015

Homestead Exemption for Atlanta Homeowners

Atlanta Homestead Exemption 2014 Atlanta Home Buyers – be sure to file your Homestead Exemption!

If you purchased your home last year and have not already done so, file for your Homestead Exemption by the deadline (April 1 in most counties) – or you won’t get a tax break for another year! Filing a Homestead Exemption can save you thousands of dollars in property taxes! In Georgia a Homestead Exemption must be applied for by the homeowner – it is not automatic and the closing attorney does not file for you at closing. Depending on your county, this can be done online, by fax, by mail or in person – and you can file for homestead exemption year round. You only have to apply for the exemption once and the exemption remains for as long as you reside in the home as your primary residence – however, any change in the name of the homeowner requires a new filing! A Homestead Exemption provides more than just a tax break. It also provides two important protections. It prevents the forced sale of a home to meet the demands of creditors and provides the surviving spouse with shelter. Deadlines are listed below by county along with a link for a homestead application. Applications received after the deadlines will be processed the following year.

 

Filing for Homestead Exemption

The Homestead Exemption is available to legal residents of Georgia for their primary homes. You are entitled to the Homestead Exemption if you owned and occupied your home on January 1st of the year for which you apply. Senior citizens may have additional exemptions available – check with your county tax office.

Deadline Dates (in parenthesis)

Cherokee County (4/1): 2782 Marietta Highway, Suite 200, Canton 30114 678-493-6120 M-F 8am to 5pm http://www.cherokeega.com/Tax-Assessors-Office/

Cobb County (4/1): 736 Whitlock Avenue, Suite 100, Marietta, GA 30064 770-528-8600 M-F 8:30am to 5pm http://www.cobbtax.org/property/exemptions#BasicHomestead

DeKalb County (4/1): 4380 Memorial Drive, Suite 100, Decatur, GA 30032 404-298-4000 M-F 8am to 5pm http://web.co.dekalb.ga.us/TaxCommissioner/homesteadGen.html

Douglas County (4/1): Douglas County Courthouse, 8700 Hospital Drive, Douglasville, GA 30133 770-920-7272 M-F 8am to 5pm http://www.douglastaxcommissioner.com/

Forsyth County (4/1): 110 East Main Street, Suite 260, Cumming, GA 30040 770-781-2106 M-F 8:30am to 5pm http://www.qpublic.net/ga/forsyth/homestead.html

Fulton County (4/1): *North Fulton Owners – You may be able to file at one of the Northside annex centers – please check the website for location nearest you. 141 Pryor Street SW, Suite 1047, Atlanta, GA 30303 404-730-4000 M-F 8am to 5pm http://www.qpublic.net/ga/fulton/basic_homestead.html

Gwinnett County (4/1): Call for application. 75 Langley Drive, Lawrenceville, GA 30046 770-822-8800 M-F 8:30am to 5pm http://gwinnetttaxcommissioner.manatron.com/Tabs/Property/HomesteadExemption.aspx

Hall County (4/1): 2875 Browns Bridge Rd, Gainesville, GA 30504 770-531-6720 M-F 8am to 5pm http://www.hallcounty.org/depts/taxassessor/homestead_exempt_app.asp

Paulding County (4/1): 240 Constitution Boulevard, Dallas, GA 30132 770-443-7606 M-F 8am to 5pm http://www.paulding.gov/index.aspx?NID=210

Rockdale County (4/1): 969 Pine Street, Conyers, GA 30012 770-278-7600 M-F 8am to 4:30pm http://www.rockdalecounty.org/main.cfm?id=2985

Walton County (4/1): 303 South Hammond Drive, Walton County Government Building, Monroe, GA 30655 770-267-1335 M-F 8am to 5pm http://www.waltoncountytax.com/info#returns

What You Need in Order to File: A copy of the recorded warranty deed, Social Security numbers of all persons on the deed, the mortgage holder, and the amount of the mortgage. Some counties may require a copy of the closing statement (HUD 1) and proof of age for senior citizens.

If your county is not listed, please visit the Ga Dept of Revenue online at: https://etax.dor.ga.gov/ptd/county/index.aspx to find information for your county.

posted in Homeowners | Comments Off on Homestead Exemption for Atlanta Homeowners

20th January 2011

2010 Homebuyers – Be Sure To File Your Homestead Exemptions!

Homestead Exemption

Did you buy a home in the Atlanta area last year?

If you purchased your home last year and have not already done so, file for your Homestead Exemption by the deadline or you won’t get a tax break for another year! Filing a Homestead Exemption can save you thousands of dollars in property taxes!
Some states provide this exemption automatically, but in Georgia a homestead exemption must be applied for. Depending on your county, this can be done online, by fax, by mail or in person. You only have to apply for the exemption once and the exemption remains for as long as you reside in the home as your primary residence.
A Homestead Exemption provides more than just a tax break. It also provides two important protections. It prevents the forced sale of a home to meet the demands of creditors and provides the surviving spouse with shelter.
You may file for homestead exemption year round. Deadlines are listed below by county along with a link for a homestead application. Applications received after these deadlines will be processed the following year.

• CHEROKEE COUNTY (678-493-6120) – Deadline is April 1st – Must be filed in person
• COBB COUNTY (770-528-8600) – Deadline is April 1st – Apply in person or by mail
• DEKALB COUNTY (404-298-4000) – Deadline is April 1st – Apply by mail or online
• FORSYTH COUNTY (770-781-2106) – Deadline is April 1st – Apply in person
• FULTON COUNTY (404-730-6440) – Deadline is April 1st – Apply by mail
• GWINNETT COUNTY (770-822-8800) – Deadline is April 1st – Apply online or by mail
• HALL COUNTY (770-531-6720) – Deadline is March 1st – Apply online, by mail or in person
• PAULDING COUNTY (770-443-7606) – Deadline is April 1st – Must apply in person

If your county isn’t listed here, then be sure to visit the Georgia Department of Revenue to find more information about your county.

posted in Homeowners, New Posts | Comments Off on 2010 Homebuyers – Be Sure To File Your Homestead Exemptions!

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