FHA Loans in North Atlanta: What Buyers Should Know

If you’re exploring home financing in North Atlanta, Forsyth County, Roswell, Alpharetta, Lake Lanier, or the Blue Ridge Mountains, an FHA loan may be a great option.

FHA loans are insured by the Federal Housing Administration and offered by approved lenders such as banks, credit unions, and mortgage companies. Because these loans are backed by the government, lenders can provide more flexible qualification terms than many conventional mortgages.

Key FHA Loan Requirements in Georgia

• Credit Score

  • 580+ with 3.5% down

  • 500–579 with 10% down

• Debt-to-Income (DTI) Ratio

  • Generally below 43%, though exceptions exist.

• Property Standards

  • Must be appraised by an FHA-approved appraiser.

  • Home must meet FHA’s minimum property requirements.

• Mortgage Insurance Premium (MIP)

  • 1.75% upfront fee, which can be rolled into the loan.

  • Monthly mortgage insurance is required.

  • If your down payment is less than 10%, mortgage insurance lasts for the life of the loan.

  • If 10% or more, mortgage insurance can drop off after 11 years.

• Borrower Eligibility

  • Valid Social Security Number.

  • U.S. citizenship, legal permanent residency, or eligible work status.

  • Proof of income via bank statements and pay stubs.

💡 Many lenders apply their own “overlays” on top of FHA’s minimum rules. At CG Real Estate, we work with multiple North Atlanta lenders to help you find the best FHA loan fit.

What Homes Qualify for FHA Financing?

FHA loans can be used for:

• Single-family homes

• 2–4 unit properties

• Condo units

• Manufactured homes on permanent foundations

This makes them a flexible option for first-time buyers, downsizers, and investors.

Other FHA Loan Options

• FHA Rate-and-Term Refinance – replace your current mortgage with better terms.

• FHA Cash-Out Refinance – tap into your home equity.

• FHA 203(k) Rehabilitation Loan – finance home improvements and repairs.

Next Steps

Whether you’re ready to purchase a home with an FHA loan or just starting to explore your options, our team at CG Real Estate can help.

👉 Contact us to connect with a local expert.

👉 Explore our buyer resources for tips on purchasing in North Atlanta, Forsyth County, Alpharetta, Roswell, and Lake Lanier.

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