$355,000
Median Home Price
$340,000
Avg. Loan Amount
55+
Licensed Lenders
12+
Major Markets
Georgia Real Estate Market
Why Non-QM loans are popular in Georgia
Atlanta is a major hub for film, tech, and logistics industries
Strong rental market in metro Atlanta and college towns
Business-friendly environment attracts entrepreneurs
Growing population creates strong housing demand
Affordable entry points compared to other major metros
Multi-family investment opportunities throughout the state
Non-QM vs Conventional in Georgia
See how Non-QM mortgage options compare to conventional loans for Georgia borrowers
| Feature | Non-QM Loans | Conventional |
|---|---|---|
| Interest Rates | 6.75% - 8.75% | 6.25% - 7.25% |
| Min. Credit Score | 580-620 | 620-680 |
| Max DTI Ratio | Up to 50-55% | Up to 43-45% |
| Down Payment | 10-25% | 3-20% |
| Income Documentation | Bank Statements, 1099, P&L, Assets | W-2, Tax Returns, Pay Stubs |
| Max Loan Amount | Up to $3M | $766,550 |
| Closing Time | 21-30 days | 30-45 days |
| PMI Required | No (typically 10%+ down) | Yes (if < 20% down) |
* Rates and terms are approximate and vary by lender, credit profile, and property type. Data reflects typical Georgia market conditions as of 2026.
Popular Non-QM Programs in Georgia
These loan programs are especially popular among Georgia borrowers
Top Georgia Markets We Serve
Non-QM lending available throughout Georgia
Georgia Lending Regulations
Georgia is regulated by the Department of Banking and Finance. Mortgage lenders and brokers must be licensed under the Georgia Residential Mortgage Act. Georgia is a non-judicial foreclosure state with relatively quick foreclosure timelines.
Georgia Non-QM Loan FAQs
Common questions about Non-QM loans in Georgia
Can film industry professionals get Non-QM loans in Georgia?
Yes! Bank statement and 1099 income loans are popular with Georgia's film and entertainment industry workers who often have variable income. Many lenders understand the unique income patterns of this industry.
What are the loan limits for Non-QM in Georgia?
Non-QM loans in Georgia typically range up to $2 million, with some lenders offering higher limits for qualified borrowers. Atlanta's luxury market and growing suburbs have access to jumbo Non-QM options.
Are Non-QM loans available for Atlanta investment properties?
Absolutely! DSCR loans are very popular in the Atlanta metro area. Investors can qualify based on rental income for single-family homes, townhomes, and multi-family properties.
Can I get a Non-QM loan with a Georgia LLC?
Yes, many Non-QM lenders allow purchases through LLCs for investment properties. DSCR loans are commonly structured this way for liability protection and tax benefits.
How quickly can I close on a Non-QM loan in Georgia?
Non-QM loans in Georgia typically close in 21-30 days. Some lenders offer expedited closings in 14-21 days for well-prepared borrowers with complete documentation.
What are current Non-QM mortgage rates in Georgia?
Non-QM mortgage rates in Georgia typically run 0.5-1.5% higher than conventional rates. As of 2026, expect rates between 6.5% and 9.5% depending on the program, credit score, and down payment. Bank statement loans and DSCR loans in Atlanta and Savannah tend to have competitive pricing due to higher lender competition.
What income documentation alternatives are accepted for Non-QM loans in Georgia?
Non-QM lenders in Georgia accept several alternative income documentation methods: 12 or 24 months of bank statements (personal or business), 1099 forms, profit and loss statements prepared by a CPA, asset depletion calculations, and rental income from DSCR analysis. This flexibility makes homeownership accessible for self-employed borrowers, freelancers, and investors throughout Georgia.
What property types qualify for Non-QM financing in Georgia?
Non-QM loans in Georgia cover a wide range of property types including single-family homes, condos (including non-warrantable), townhomes, 2-4 unit properties, and some commercial mixed-use properties. Investment properties, vacation homes, and primary residences all qualify. In markets like Atlanta and Savannah, multi-unit properties are especially popular for DSCR loans.
What is the minimum down payment for a Non-QM loan in Georgia?
Most Non-QM programs in Georgia require a minimum down payment of 10-20%, though some lenders offer options as low as 10% for primary residences with strong compensating factors. DSCR loans for investment properties typically require 20-25% down. With the median home price in Georgia around $350,000, this means a down payment starting at approximately $52,500 to $70,000.
Can I refinance into a Non-QM loan in Georgia?
Yes, Non-QM refinancing is available in Georgia for both rate-and-term and cash-out refinancing. Cash-out refinances allow up to 75-80% LTV in most cases. This is particularly popular among Georgia homeowners who want to tap equity without providing traditional income documentation, or investors looking to pull equity from rental properties in Atlanta or Savannah to fund additional purchases.
How do DSCR loans work for Georgia investment properties?
DSCR (Debt Service Coverage Ratio) loans in Georgia qualify borrowers based on the rental income of the property rather than personal income. The property's monthly rental income must typically cover 1.0x to 1.25x the monthly mortgage payment (PITI). No employment verification, tax returns, or W-2s are required. This makes DSCR loans ideal for scaling a rental portfolio in Georgia's growing markets.
What happens if I have a recent bankruptcy or foreclosure in Georgia?
Non-QM lenders in Georgia offer programs for borrowers with recent credit events. Many programs allow financing just 1-2 years after a bankruptcy discharge (compared to 4-7 years for conventional loans) and 2-3 years after a foreclosure. Expect to provide a larger down payment (typically 20-25%) and accept a slightly higher interest rate, but homeownership is still achievable.
Are Non-QM loans available for foreign nationals buying property in Georgia?
Yes, several Non-QM lenders in Georgia offer foreign national loan programs. These loans do not require a U.S. Social Security number, credit history, or visa. Foreign nationals can purchase investment properties or vacation homes in Georgia with as little as 25-30% down. Popular areas for foreign national buyers include Atlanta and Savannah.
What is the maximum loan amount for Non-QM loans in Georgia?
Non-QM loan amounts in Georgia typically range from $100,000 to $3 million, with some lenders offering up to $5 million for jumbo Non-QM programs. There are no conforming loan limits to worry about since Non-QM loans are not sold to Fannie Mae or Freddie Mac. High-value properties in Atlanta and Savannah can be financed with these higher limits.
How does a bank statement loan work for self-employed borrowers in Georgia?
Bank statement loans in Georgia allow self-employed borrowers to qualify using 12 or 24 months of personal or business bank statements instead of tax returns. The lender calculates your income by averaging deposits over the statement period, typically using 50-100% of deposits for business accounts and 100% for personal accounts. This is ideal for Georgia business owners who maximize tax deductions.
What are the DTI requirements for Non-QM loans in Georgia?
Non-QM loans in Georgia generally allow higher debt-to-income (DTI) ratios than conventional loans. Most programs accept DTI ratios up to 50%, and some lenders go as high as 55% with compensating factors such as a larger down payment, significant reserves, or a higher credit score. DSCR loans do not use personal DTI at all, focusing instead on the property's cash flow.
Do I need reserves to qualify for a Non-QM loan in Georgia?
Most Non-QM lenders in Georgia require 3-12 months of mortgage payment reserves in liquid assets after closing. The exact requirement depends on the loan program, property type, and credit profile. Investment property loans and jumbo Non-QM loans typically require more reserves (6-12 months), while primary residence loans may require as few as 3-6 months.
How does Non-QM lending compare to conventional mortgages in Georgia?
Non-QM loans in Georgia differ from conventional mortgages in several key ways: they accept alternative income documentation (bank statements, 1099s, asset depletion), allow lower credit scores (as low as 580 vs. 620+ for conventional), permit higher DTI ratios (up to 50-55%), and have no conforming loan limits. The trade-off is slightly higher interest rates (0.5-1.5% above conventional) and larger down payment requirements (typically 10-25% vs. 3-5% for conventional).
Georgia Non-QM Lending Articles
In-depth guides and market analysis for Georgia borrowers and investors
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