Yes you can purchase a home in Atlanta while living out of state. The home will have to be purchased as an investment property or 2nd home. The credit requirements are a little more strict when doing so. You may need a higher credit score and you may be required to present 10% to 20% down payment. I would suggest that you contact a mortgage lender and be specific about your plans. The more information that you are able to provide, the better off your chances of getting an approval. If you fail to disclose information, like the fact that you will be purchasing a home in another state, you could waste a lot of time only to be denied.
Keller Williams Realty Signature Partners
If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
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 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.