Georgia Mortgage Lenders. com is pleased to introduce unique Georgia investor loan programs that target the special needs and requirements for the serious Georgia real estate investors. Our Business Purpose loan is a loan made specifically for a Business Purposes and not a Consumer Purposes. Business Purpose loans are not subject to TRID. Business Purpose loans are typically made to seasoned Georgia Real Estate investors who use Non-Owner Occupied Residential properties (up to 4 Units) for collateral. Business Purpose loans are qualified on the Rents (cash Flow) of the property considering the property’s Debt Coverage Ratio or DCR.Typically, the mortgage payment on the property will be covered by the rent received (DCR=1.00)
GEORGIA MORTGAGE LENDERS INVESTOR HYPOTHETICAL EXAMPLE RATE SHEET
GEORGIA INVESTOR MORTGAGE LENDERS HIGHLIGHTS
- Business Purpose Loans and not subject to TRID
- 100% of Rest utilized in DCR computation
- Credit Scores down to 600
- Can close in name of LLC
- Loan amounts from $100,000 to 1 Million
- 75% maximum LTV for purchase transactions
- 70% maximum LTV for refinance transactions
- No reserves required
- Interest Only terms available
- Borrower must be experienced property investor
- Total borrower income not disclosed, DTI not calculated
- Minimum Debt Ratio (DCR) 1:00
- All rents validated by lease agreements
- Full appraisal required, including Operating Income Statement and Comparable Rent Schedules
FLEXABLE GEORGIA MORTGAGE APPLICANT QUALIFICATIONS
- Cash out on existing Georgia investment properties.
- Purchase new Georgia homes with multiple income and documentation options.
- Expanded debt to income ratios (“assets for income” options available)
- Purchase Georgia homes with deferred maintenance and repairs.
- Borrow up to $750,000 per property.
- Income sources include rental, W2 and self-employment income.
- You may have up to 20 other properties financed
- Non-warrantable condos okay
- Self-employed okay
- Seller concessions up to 6%
- Welcome alternative to hard money lenders and conventional financing
- Competitive interest rates (fixed and adjustable Georgia investor mortgage loans.
Today’s Georgia real estate market provides investors with a unique opportunity to buy a properties at an attractive price and enjoy substantial returns on the investment. Low-priced distressed or investor-owned properties provide even greater bargains, and an ample supply of these Georgia homes has encouraged many Georgia investors to purchase and rehabilitate foreclosures around Georgia.
The Georgia real estate market is not without its difficulties, particularly when it comes to securing investor Georgia mortgage loans. Georgia real estate Investors with a strong history of investment in the Georgia real estate market, significant cash reserves and a solid credit history might encounter strict lending criteria when shopping Georgia mortgage lenders.
At Georgia mortgage lenders .com , we work strictly with Georgia real estate investors to arrange the most affordable and accessible investor mortgage loans. With a broader selection of the Georgia real estate investor loans and the flexible terms that make these Georgia mortgages more attractive to more Georgia mortgage applicants, Georgia mortgage lenders .com has the tools to help Georgia investors achieve the financing they need for a successful investment.
CHALLENGES WITH MOST GEORGIA MORTGAGE LENDERS:
Georgia real estate Investors have recognized today’s foreclosure picture as a prime opportunity to turn these distressed multifamily homes into a successful investing opportunity. At the same time, many of these Georgia real estate investors have encountered difficulties when applying for Georgia investor loans.
For example, Georgia investor mortgage eligibility requirements have become ever-more stringent investors, as many banks look to avoid the poor lending habits that led to the economic housing crash. Subsequently, securing flexible conventional loans with many Georgia mortgage lenders has become more challenging. Most Georgia mortgage lenders limiting how much can be borrowed and restricting the type of income investors can use for mortgage qualifying.
As a result of these tight investor loan guidelines the investor segment of the Georgia mortgage market remains underserved by major national mortgage lenders. While these Georgia investors may be prepared to make the significant purchases that can help rebound the Georgia real estate market. However, their inability to secure Georgia investor mortgage loans holds back their progress.
GEORGIA MORTGAGE LENDERS OFFERS INVESTOR LOANS
At Georgia mortgage lenders.com, we have developed expanded Georgia investor programs that reach out to those seeking to take advantage of the Georgia real estate market.
You can secure Georgia investor loans from Georgia mortgage lender.com that will provide you greater liberty as you pursue your Georgia investment opportunities. Our Georgia real estate investor loans are ideal for professional real estate investors that need to finance multiple homes or those who want to defer the costs of performing non-structural maintenance on a rehab property.
In addition, our Georgia real estate investor loans are ideal for the self-employed individuals , who often find it difficult to secure investor financing in today’s tight lending environment. As a result, many of these Georgia investors are paid on an irregular basis, from multiple inconsistent income sources; other Georgia mortgage lenders might make it difficult for them to achieve loan approval.
At Georgia Mortgage Lenders.com we understand the battles of the independent Georgia real estate investor, and we work to find affordable and flexible Georgia investor mortgage options that can allow many of these investors to qualify for financing using self-employed income, rental and W-2 income.
GEORGIA MORTGAGE LENDERS.COM – INVESTOR LOANS
Georgia mortgage lenders.com has received attention for lending practices that open doors to Georgia real estate investors. We connect Georgia real estate investors with affordable Georgia investor’s loan.
Our Georgia real estate investor loans are for serious Georgia real estate investors – those who might have up to 20 other Georgia homes financed and who require expanded debt-to-assets ratios and greater income documentation options. Talk to a Georgia mortgage lenders.com specialist to determine how you can borrow up to $750,000 on a Georgia investment property at competitive Georgia mortgage interest rates.