Georgia bad credit home loans
Georgia is one of the biggest provinces in United States with an area of 47,906 sq. miles. Atlanta, Columbus, Athens, Albany & Rosebell are the main cities of Georgia. It is a least developed province with educational, residential and tourists spots only the principal attractions. There are many financial institutions in United States that provides Georgia bad credit home loans. The main aim of Georgia bad credit home loans is to provide relief to the residents of georgia with bad credits history,who needs financial help. The bad credit home loans are also called mortgage home loans. The Georgia bad credit home loans are of three types i.e., fixed rate, adjustable rate & typical rate bad credit home loans. Like home loans schemes at other locations, the Georgia Bad Credit Home Loans too is for various purposes like refinance, purchase, decorations and refurbishment of dwelling houses,debt consolidation etc.
Financial institutions:
There are many institutions in the USA that provides Georgia Bad Credit Home Loans. Most of the bad credit home loans are refinance type and are for long period i.e., 1/3/10/15/30 days period.
Some of the financial institutions who provide bad credit loans in this province are:
1. Informed mortgage, Inc.:
This is a key lender in the region, which provides personal bad credit home loans which is also called mortgage home loans. The contact address of the company is:
Informed mortgage, Inc.,
223 River Park North Drive, Woodstock,
Georgia 30188
Phone: 678 921 4524
Loanschemes:
The informed mortgage provides loans to the people for all purposes i.e., from refinance, debt consolidation to purchase of new homes. The annual percentage rates (APR) for all of the bad credit loanschemes varies between 5% to 7% for the amount upto $200.
Some of the bad credit home loan schemes of the company are:
a. 15-year fixed rate bad credit home loans,
b. 20-years fixed rate bad credit home loans,
c. 30-years fixed rate bad credit home loans,
d. 10 year adjustable rate bad credit home loans,
e. 5-year adjustable rate bad credit home loans,
d. 10- year fixed rate super jumbo bad credit home loans (upto $3 million).
2. 1ST Continental mortgage inc
This is a Florida based mortgage company providing bad credit home loans to the residents of Georgia, Florida and Alabama provinces. The contact address of the company is:
1ST Continental mortgage
2203 North Lois Avenue,
Suite 816,
Tampa, Florida 33607
Phone: 813-382-6640 (toll-free),
Website:
Fax: 813-436-5434
The company provides various types of bad credit home loans which are:
a. 10, 15, 20 30 years fixed rate bad credit home loans,
b. 1, 2, 5, 7 years adjustable rate bad credit home loans,
c. 10, 15, 20, 30 years fixed rate jumbo bad credit home loans ($5 million),
d. 3/1 year adjustable rate jumbo bad credit home loans.
The main features of bad credit home loans from 1st continental mortgage are:
a. They are for different periods i.e., from 1 year to 30 years period,
b. The APR for all of the bad credit home loans are between 4.25% to 8.50%,
c. The APR for all adjustable bad credit home loans are fixed for some time of the loan period then becomes variable,
d. Minimum credit score of 500 points are needed for the people to obtain any of the bad credit home loans (except VA mortgage loans)
e. Jumbo bad credit home loans are sanctioned only to the people having bad credit status but high incomes from both direct indirect sources.
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