The next step is hunting down the best mortgage for that Savannah home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Savannah lenders that will compete to provide a loan at the lowest rate, matching you with nearly 21 Savannah mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Savannah mortgage payment was $1,052 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Savannah home.

Savannah is a major city in Georgia with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Mortgage Investors Corporation, First National Bank, Synovus Mortgage Corp, Ctx Mortgage Company llc, Suntrust Bank, New South Federal Savings Bank, Suntrust Mortgage Inc, Dhi Mortgage Company Ltd.Bank Of America Na Charlotte.Tbw Inc.

Savannah Mortgage & Real Estate Market

In 2006 Savannah housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Savannah was $108,100. This number is big in comparison to the median home value back in 2000 of $78,500. Savannah has a solid home ownership base with 58,863 houses and apartments and 42% of those are occupied by their owners. Despite the current market, historically Savannah has been a city where people move, buy and stay - with 51% of homeowners currently paying off a mortgage. About 14% of the city's current homeowners are carrying a second mortgage or home equity loan.

American Home Loan Lenders, LLC
3450 Mathis Airport Parkway Suwanee, GA	Phone: 678-513-6135 Ask for: J. Garrison, Jr. Raymond
Special Mortgage Programs
Your Georgia Local Lender. Hi I’m Ray Garrison, President, and I have been doing mortgage and home equity loans in GA since 1987. The Modern Mortgage today is our Flex Pay with 3 pay options every month. A $400,000 loan @5.875 (APR6.67) options are Opt 1 $1301.38, Opt 2 $1958.33, Opt 3 $2366.15. “When the Bank says NO, WE SAY YES” Call 678-513-6135
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Housing	Savannah, GA	United States
Homes Owned	44.41%	64.07%
Median Home Cost	$146,700	$217,200
Home Appreciation	5.10%	9.80%
Homes Rented	44.91%	21.45%

Location	Population	Median Family Income (2005)
Albany	76,939	$28,639
Alpharetta	34,854	$71,207
Athens-Clarke County	100,266	$28,118
Atlanta	416,474	$34,770
Augusta-Richmond County	195,182	$32,972
Columbus	185,781	$34,853

Category	Value
First Mortgage Only	51%
2nd Mortgage or Home Equity	14%
Home Equity Loan Only	6%
Homes With No Mortgage	36%
Second Mortgage Only	7%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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