Rental Property Investor · Cherry Hill, NJ · Member since 2017 · 59 posts · 14 votes
My partner and I used a HML to acquire and rehab a property in Atlanta, GA. We initially planned on flipping the property but have decided we want to hold onto it and rent it out. We need to secure a mortgage loan asap. Does anyone know of a good mortgage lender in Atlanta, GA?
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y
@Vernell D Watson
Just do some googling and make some phone calls this should be very easy. As long as it’s got floors and a roof it should conventionally finance with a low interest rate. They don’t have to live in Atlanta or even in GA as long as they’re licensed in GA!
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y
@Vernell D Watson
Just do some googling and make some phone calls this should be very easy. As long as it’s got floors and a roof it should conventionally finance with a low interest rate. They don’t have to live in Atlanta or even in GA as long as they’re licensed in GA!
Just do some googling and make some phone calls this should be very easy. As long as it’s got floors and a roof it should conventionally finance with a low interest rate. They don’t have to live in Atlanta or even in GA as long as they’re licensed in GA!
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y
@Dieggo Goncalves Depends on what you mean. Is there a DTI issue? If so the mortgage folks can do a projected rent appraisal and use 75% of that number in favor of your DTI with no tenant in place. Would need to be a minimum of 15% down on an investment conventional for this scenario.
@Dieggo Goncalves Depends on what you mean. Is there a DTI issue? If so the mortgage folks can do a projected rent appraisal and use 75% of that number in favor of your DTI with no tenant in place. Would need to be a minimum of 15% down on an investment conventional for this scenario.
My partner and I used a HML to acquire and rehab a property in Atlanta, GA. We initially planned on flipping the property but have decided we want to hold onto it and rent it out. We need to secure a mortgage loan asap. Does anyone know of a good mortgage lender in Atlanta, GA?
There are numerous no income verification products available with short seasoning. @lucas carl and @dieggo concalves