Georgia Investor Home Purchase Loan

Investor home mortgage loans in the metro Atlanta area of Georgia have opened doors of opportunity to many new investors. The reduced prices of homes due to the increase of inventory offer a wide variety of price ranges, areas and condition of property. The loans available to investors have changed dramatically over the past year. Previously a common practice was to utilize either personal funds or hard money loans to purchase homes, renovate the home and rent the homes. Shortly after this process was complete investors sought to refinance the property based on the increased value due to the improvements in the property. That avenue to recapture your immediate investment is no longer available. Investor home mortgage loans are currently subject to the following guidelines: The maximum loan to value for a purchase is 80% based on the purchase price of the property Full documentation of income and proof of ability to service the loan is now required Full documentation of proof of down payment funds, closing funds and six (6) months payment reserves Minimum middle credit score is 660 Maximum mortgages – 4 These can consist of any combination of (1) primary and second homes or investment properties Purchase mortgages offer an excellent opportunity to continue to grow your portfolio of real estate investment properties. Eva Sleeper is experienced in the structuring of Investment Mortgages. Please feel free to call Eva to discuss your investment property acquisition strategy. Typically investors realize the greatest value in taking advantage of the current low interest rates on fixed rate loans. Adjustable Rate Mortgages are still available. Interest rate mortgages are currently unavailable for investment properties.