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Are you buying a home in Georgia? Are you planning to refinance your GA mortgage loan at a lower rate or shorter term? Are you looking to tap into your home equity with a home equity loan or cash-out refinance loan?
If you answered “yes” to any of these questions, you will need a good mortgage partner. You will want to talk with the best mortgage lenders in GA and find the one who can offer you the most attractive mortgage lending solution.
Every home buyer and homeowner is unique. No two mortgage loans are exactly the same. That’s why it is so important to work with a GA mortgage company who will provide you with the highest caliber of service.
Here Are 4 Ways To Find The Best Mortgage Lenders In Ga:
- Ask Your Friends and Family
If you know anyone in Georgia who recently bought a home or refinanced their mortgage, ask them about their mortgage lenders in GA or mortgage broker. See if they had a good experience and if they would recommend this company and a specific loan originator. Ultimately, you trust your friends and family. If they recommend great mortgage lenders in GA, then that is an excellent place to start.
- Ask Your Realtor® or Builder
You may have already started talking with a real estate agent or broker about buying a house in Atlanta or one of the surrounding GA communities. They will likely be able to refer you to a local mortgage lender (or multiple lenders) who they have worked with in the past. They will generally have a preferred lender they recommend. This does not mean you have to work with this mortgage provider, but it’s probably worth talking with the lender and seeing if they are a good fit.
Sometimes, a direct referral like this can be to your advantage as a borrower looking to qualify for a mortgage loan. In other cases, working with a preferred lender could limit your mortgage options and not be your best solution.
If you are buying a new construction house and purchasing it directly from the home builder, they will most likely have a preferred lender—sometimes even an in-house lending solution. They may push harder if it’s an in-house mortgage lender. Again, you are not legally obligated to work with this lender, but there could be some advantages to make it worth your while. Always shop around before making a final decision.
- Talk with Your Bank
Another step you can take is to reach out to your personal bank or credit union. Many banks will offer home loan services. Being a longtime customer with a solid financial history could benefit you when applying for a mortgage with your bank. It never hurts to inquire about their mortgage services.
- Online Search
You can always do a Google search or look at online review/ranking sites. Obviously, several pages of mortgage lenders in GA will come up. Check out their web sites and read their reviews. It’s always a good idea to look at third-party review sites, as well, as you’ll get to see more reviews—both good and bad. Also, be sure to look for “mortgage brokers” in addition to direct lenders like banks and direct financing companies.
A mortgage broker can provide a different level of service by offering a wider range of mortgage products through multiple lending sources. Most banks and direct lenders will only be able to offer a limited set of mortgage loan options.
These are the best places to start your search for the best mortgage lenders in GA. Ideally, you want to get a list together of at least three possible lending sources. Include at least one local mortgage broker on your list. Talk with each lender. Ask plenty of questions. See what it will take to get pre-approved for a mortgage loan before you start searching for houses. Understand the lending process and figure out how you can lock in the lowest possible mortgage rate.
Depending on your financial situation, location and personal background, you may be able to qualify for a special type of mortgage loan. Military veterans and active-duty service members will want to find a VA-approved lender in Georgia. VA loans offer many excellent benefits to military home buyers. First-time GA buyers will want to ask about FHA loans. People buying in rural areas further outside of big cities like Atlanta should inquire about zero-down USDA loans. Not all mortgage lenders are USDA-approved.
Lastly, Georgia home buyers who are looking to purchase more expensive properties (luxury homes, large ranches/farms/orchards, multi-family homes, etc.) will need to look for a mortgage lender who offers jumbo loans. Jumbo loans are higher-priced mortgages that aren’t backed by Freddie Mac or Fannie Mae, so not all mortgage lenders in GA will offer them.
For all your GA mortgage needs, Moreira Team | MortgageRight is here to help. Feel free to check out our reviews and ask us any questions you have. We are a leading Georgia-based mortgage broker and we are certified to offer VA, FHA, USDA and jumbo loans through a wide variety of lending sources. We hope you put us on your list of best mortgage lenders in GA. Contact us today to learn more about our services.
