Local Real Estate Comments and Ramblings


Cobb County, Ga, homes $3500down,@$750 per month

Cobb County Ga.  $3500 Down @$750 per month!

It almost sounds too good to be true but it is real!  As a matter of fact its not just one house.  At todays super low interest rates the principle and interest payment on an FHA loan of $100,000 is about $480 per month. Add in a reasonable amount for taxes and insurance and that gives you a payment range of about $650-750 per month!

In almost every case that is cheaper than rent but don't fall in to a financial trap just because of that.  There are of course others costs and responsibilities that go with home ownership.  Still, if you are renting and thinking of buying it is a great to to make that move.

The home needs to be in good condition and basic basic qualifications for FHA loans are a steady and verifiable income.  Your total debt including the house payment can be about1/3 of your gross income. So for that $100,000 loan you need to amke about $2250 per month before taxes.  Thats about $27,000 per year if you have no other debt payments.  You also need to have modestly good credit with a score of 640 or better.

The required down payment for FHA is only 3.5%.  On a $100,000 home that is only $3500!

Below are the current listings right here in Cobb County Ga for homes priced from $95,000 to $105,000.  As you can see there are hundreds to choose from!

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Marietta, Powder Springs, Acworth, Kennesaw, Smyrna, Austell, Mableton, Ga., Georgia, homes




Bob Southard
Broker - Owner  Atlas Realty Service LLC #75911
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CALL ME DIRECT: 770-656-9134

Buy a home, Sell a home, in Powder Springs, Marietta, Kennesaw, Acworth, Smyrna, Dallas, Hiram,and Cobb, Paulding, Douglas, North Fulton, South Cherokee, County, Ga. Call me for all of your real estate needs.

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Comment balloon 0 commentsBob Southard • October 12 2011 10:36AM


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