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All posts for the day February 19th, 2016

Sharing a moment in history: did you know that…Alexander Graham Bell WAS NOT the inventor of the telephone …THE TELEPHONE Was Invented And Patented By An African American Named #GranvilleWoods 

Posted by danetteoneal1 on February 19, 2016
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A Stolen #BlackHistory Moment Alexander Graham Bell WAS NOT the inventor of the telephone …THE TELEPHONE Was Invented And Patented By An African American Named #GranvilleWoods 

In 1885, Granville Woods patented a system combining the telephone and telegraph and thus allowing railroad stations to send voice and telegraph messages over a single wire. The device was so successful that he later sold it to the American Bell Telephone Company in 1887. (As a black inventor, Woods had difficulty in marketing his inventions and had little choice but to sell them to white-owned corporations.) 

 Granville Woods often had difficulties in enjoying his success as other inventors made claims to his devices. Thomas Edison made one of these claims, stating that he had first created a similar telegraph and that he was entitled to the patent for the device

Granville Woods was twice successful in defending himself, proving that there were no other devices upon which he could have depended or relied upon to make his device. After Thomas Edison’s second defeat, he decided to offer Granville Woods a position with the Edison Company, but Granville declined.

MORE $$$ FOR HOME OWNERSHIP: HOME ATLANTA 4.0 GIVE A FORGIVABLE 5% GRANT FOR DOWN PAMENT & CLOSING COST.

Posted by danetteoneal1 on February 19, 2016
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HOME Atlanta 4.0- Come out & learn about this program – Thursday, Feb 25, 2016; 250 Georgia Ave, Atlanta, GA.

HOME Atlanta 4.0 is a home buyer incentive program administered by Invest Atlanta, and offers a competitive 30-year fixed interest rate mortgage with a forgivable 5% grant to help with the down payment and closing costs. The grant is fully forgiven at closing.

Home Buyer Requirements

  • Must qualify for 30-year fixed rate FHA or VA first mortgage loan with an Invest Atlanta Participating Lender
  • Income cannot exceed program income limits
  • Must have a minimum credit score of 660 and debt-to-income ratio of 45%
  • Must contribute $1,500 of own funds towards closing
  • No first-time home buyer requirement
  • Homebuyer cannot own any other property at closing

What Type of Home Can I Buy?

  • The property must be located in the city limits of Atlanta
  • Maximum purchase price is $374,268
  • Single family detached homes, 2-4 units; townhomes and condominiums; newly constructed or existing
  • No manufactured homes
  • Property must be owner-occupied, primary residence
  • To determine if property is located in the city of Atlanta,click here, type in the property address and look for the three qualifying indicators (Neighborhood, NPU and Council District)

What are the Income Limits?

Household Size Maximum Income Limits (140% Medium Income)
1 person Household $66,900
2 person Household $76,400
3 person Household $86,000
4 person Household $95,620
5 person Household $103,200

How Do I Get Started? CALL DANETTE O’NEAL REALTORS, INC 770.981.1999

Info Session: Come out to learn about “Invest Atlanta”,” AAHOP”, the “Atlanta Beltline Homebuyer Incentives”, the “Georgia Dream Program”, and the other NSP programs available RIGHT NOW for downpayment and closing cost assistance in Georgia. Incentives are as high as $13,000 per homeowner.

Posted by danetteoneal1 on February 19, 2016
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Thursday, February 25, 2016; 6-8 p.m.
WEOP- 250 Georgia Ave.- Atlanta, GA
Gain an understanding of programs and incentives available for intown homebuyers which can help open the doors of home ownership to traditionally marganlized groups. On hand will be American Mortgage to answer your questions, and Fidelity Bank to present alternative credit options and the SBA loan opportunities for emerging businesses.
Examples:
· If you have a police officer, he or she would be eligible to receive above the $13,000 limit, but no more than $25,000.
· If you have a client who is leaving a Section 8 Program and becoming a homeowner, he or she would be eligible to receive above the $13,000 limit, but no more than $25,000.
· If a home buyer is a security guard or does not fall into any of the preference categories and would be eligible for a maximum DPA of $13,000.
· If a home buyer works at IHOP, he or she would be eligible for a maximum DPA of $13,000
· If a home buyer is a police officer, and also works a part-time second job as security guard at Kroger, he or she would be eligible for a max DPA of $25,000 because he or she is a [public safety] police officer which falls into the ‘preference’ category.
· If a home buyer is an Administrative Assistant for a television station, he or she would be eligible for a maximum DPA of $13,000
Special Guest Speaker: Dr. Danette O’Neal, HGTV Alumna