The next step is hunting down the best mortgage for that Valdosta 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 Valdosta lenders that will compete to provide a loan at the lowest rate, matching you with nearly 6 Valdosta 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 Valdosta mortgage payment was $834 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 Valdosta home.

Valdosta is a major city in Georgia with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: First Trust Home Loans, Southeastern Federal Cu, Commercial Banking Company, Georgetown Mortgage Inc, First Trust Home Loans, Synovus Mortgage Corp, Firstcity Mortgage Inc, First Trust Home Loans.Park Avenue Bank.

Valdosta Mortgage & Real Estate Market

In 2006 Valdosta housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Valdosta was $83,500. This number is big in comparison to the median home value back in 2000 of $83,500. Valdosta has a solid home ownership base with 18,907 houses and apartments and 42% of those are occupied by their owners. Despite the current market, historically Valdosta has been a city where people move, buy and stay - with 56% of homeowners currently paying off a mortgage. About 15% of the city's current homeowners are carrying a second mortgage or home equity loan.

Covenant Mortgage and Financial Services, Inc.
8308 Office Park Dr. Douglasville, GA	Phone: (678) 391-8999 ext 103 Ask for: Smith Frank
Special Mortgage Programs
"Service with Integrity" means we will LISTEN to YOU and provide you the RIGHT FINANCING OPTION to meet your need. If you are seeking to purchase a new home or refinance your existing home we have terms that will meet your goals. So call Frank Smith at (678) 391-8999 or Apply On-Line Today!!
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Housing	Valdosta, GA	United States
Median Home Cost	$122,900	$217,200
Homes Rented	46.00%	21.45%
Home Appreciation	4.50%	9.80%
Homes Owned	42.30%	64.07%

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	56%
Home Equity Loan Only	7%
Homes With No Mortgage	29%
Second Mortgage Only	8%
2nd Mortgage or Home Equity	15%

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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