Financing in Atlanta>Question Details

Freddy Hern&…, Home Buyer in Atlanta, GA

Where I can get a mortgage broker in GA, that is specialized foreign investors? I am from Venezuela

Asked by Freddy Hernández, Atlanta, GA Wed Feb 5, 2014

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Hola! I speak fluent Spanish if that's easier for you. You will need to get an LLC in order to use a tax id number. The are 2 ways to do this: private funds and hard money funds. Hard Money requires a minimum of 35% down, the interest rate is high (12% to 21%), the term is short (6 months to 2 years) BUT it closes faster than private money, it is more organized in its process, there are no up front fees and there is no minimum or maximum loan amount. It is only for investment properties. Private money offers lower rates (7% to 12%), it may have minimum and maximum loan limits, usually involves up front fees, sometimes unorganized BUT allows longer terms (up to 4 years or more), allows no money down loans, more relaxed on underwriting loans. Can use for primary, secondary or investment.
0 votes Thank Flag Link Thu Feb 6, 2014
I am not aware of any mortgage companies in GA offering Foreign National loan for an Investment Property. There is limited availability for a Second Home/Vacation Home that will NOT be rented out.


Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
Web Reference: http://www.rodneymason.com
0 votes Thank Flag Link Thu Feb 6, 2014
I want to set up a LLC to buy the investment property with finance.
0 votes Thank Flag Link Thu Feb 6, 2014
Ok, please contact me to discuss further....
Flag Thu Feb 6, 2014
Can you be more specific on your transaction? Please send details....rodney1434@att.net
0 votes Thank Flag Link Thu Feb 6, 2014
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