Investor Loans

Atlanta investment property loans are used for purchasing or refinancing single family, duplex, triplex or quad rental properties. The requirements, loan products and loan programs vary greatly from owner-occupied (personal residence) loans.

The last 18 months have seen tremendous changes in investment property financing.  Atlanta investor mortgages are much harder to come by. The market for investment property financing beyond Freddie / Fannie has completely dried up.  Investor loans today can be very confusing to even the more experienced borrowers. As an experienced property investor myself, I have a detailed understanding of the changing guidelines for investor mortgages.  Because of the constantly changing mortgage landscape – new lenders, investment mortgage products, and other options, I have removed all of the details we used to provide in this section of our website.

General Guidelines on Atlanta Investment Mortgages (current through Fannie Mae Announcement 09-02)

  1. Full documentation of income is required
  2. Maximum number of financed properties is back to 10, subject to certain restrictions
  3. 720 minimum credit score
  4. 80% maximum LTV/CLTV (depending on property type)
  5. No history bankruptcy or foreclosure in the past 7 years.
  6. Rental income must be documented with two years tax returns.
  7. Borrowers required to sign form 4506 (which you can expect on ALL loans today).
  8. Reserve requirements vary depending on the number of financed properties owned (including your primary residence):

1-4 financed properties 0wned:

  • 2 months of reserves on the subject property if it’s a second home.
  • 6 months reserves on subj. property if it’s an investment property plus 2 months reserves on each other second home or investment property.

5-10 financed properties owned:

  • 2 months of reserves on the subject property if it’s a second home.
  • 6 months of reserves on the subject property if it’s an investment property plus 6 months reserves on each other financed second home or investment property.

Note:  Freddie Mac’s guidelines are *currently* 6 months PITI.

Many issues involving seasoning, qualifying, closing costs, etc., can vary from one loan program to the next. We would be glad to speak to you in detail about your Atlanta investor mortgage needs or even investment loans throughout Georgia and Florida.  It’s a whole new world, and it is slowly changing each day.

Give us a call today at 678-379-9406 for a free, personalized consultation about your Atlanta, Georgia investment mortgage needs.  You can also apply online using our fast, secure loan application.