5 out of 5 stars
I had been told no by two banks. Carmen mapped out nine months of work, checked in every quarter, and I closed on a house in Conley Hills with under $2,400 out of pocket.
Tamika Ellison
Fulton County
Buying and refinancing in Midtown Atlanta
Condos, lofts and the occasional Ansley bungalow. Our home office sits on Peachtree Circle.
$465,000 median10% to 20% typical down
What is different about Midtown Atlanta
Midtown is the densest part of our lending footprint and the one with the most condo financing questions. Between Ansley Park, Home Park and the towers along Peachtree, we are usually working on three different property types in the same week.
Condo files live or die on the building, not the borrower. Before you write an offer we pull the project review: owner-occupancy ratio, reserve funding, litigation and the single-investor concentration. A building that fails one of those tests can kill an otherwise perfect approval two weeks in.
For the historic houses in Ansley Park and Sherwood Forest, the conversation shifts to appraisal. Comparable sales are thin and renovation quality varies wildly, so we brief the appraiser with a packet before they walk the property.
Neighborhoods we work in here
Not an exhaustive list, just the ones that come up most weeks.
Ansley ParkHome ParkSherwood ForestAtlantic StationLoring HeightsPiedmont Heights
Programs that work well in Midtown Atlanta
- Conventional loanThe workhorse loan for buyers with steady income and reasonable credit. Down payments start at 3%.3% (5% for a second home) down620 scoreProgram details
- Jumbo loanFinancing above the conforming limit, for Buckhead, Druid Hills and the north side.10% to 20% depending on loan size down700 scoreProgram details
- Home equity line of creditA revolving line against your equity that leaves your first mortgage exactly where it is.Keep 10% to 15% equity down660 scoreProgram details
Clients from around here
5 out of 5 stars
Todo el proceso fue en español, incluyendo la firma con el abogado. Marisol nos explicó cada documento dos veces y nunca nos sentimos apurados.
Hector y Lucía Ferrer
Answers
Midtown Atlanta questions
Yes. Condominium and townhome dominates here, and we finance single family, townhome, condo and two to four unit properties. Condos need a project review, which we order at no cost to you the day you go under contract.
21 days on condo files with a warrantable project. The variable is almost always the appraiser's calendar, which is why we order the appraisal the day your contract is ratified rather than after the disclosures come back signed.
Special assessments disclosed late in the HOA package. We raise it early so it is a planning item rather than a week-two emergency.
Our office is on Peachtree Circle in Midtown, and we take video calls for everything that does not need a signature. For Midtown Atlanta clients who would rather meet in person, we come to you.
Nearby communities
DecaturBungalows, a walkable square and school-district pricing that moves fast.Neighborhood guide
MariettaCobb County's range, from the historic square to the newer subdivisions off Barrett Parkway.Neighborhood guide
East PointWhere our down payment assistance work is busiest, and where we close the most first purchases.Neighborhood guide
Magnolia Lending Group
Looking in Midtown Atlanta?
Send us a listing address and we will come back with the programs that fit it and what your payment would actually be.
Free consultation. Sample rates and assistance amounts shown on this site are illustrations, not offers.