<br>

Looking for a DSCR loan for your Georgia rental property? We're so glad to have you here! We know you may be in a hurry, but please take a moment to **[get an instant quote](https://www.offermarket.us/loans)**, and leverage our insights and resources to help ensure your next DSCR loan is a success:

<br>

- [DSCR Loan Interest Rates Index](https://www.offermarket.us/blog/dscr-loan-interest-rates)
- [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator)
- [Off market listings](https://www.offermarket.us/listings)

<br>

Georgia is fundamentally positioned as a compelling market for long term home price and rent appreciation. We're fortunate to serve a growing number of wonderful clients in the state and we sure hope to have the opportunity to help you on your real estate investing journey!

<br>

Here are frequently asked questions from our Georgia clients:

<br>

## What is a DSCR loan?

<br>

DSCR stands for *debt service coverage ratio*, and it is a simple metric to determine if an investment property generates more or less income than the monthly mortgage payment. A DSCR  loan is simply a mortgage specifically for a rental property where the maximum loan amount is determined by the DSCR of the property. As your loan amount increases, your monthly mortgage payment increases, and your DSCR decreases. 1.1 is currently the minimum DSCR to qualify for a given loan amount. Use our [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator) to help you run your numbers, understand DSCR, max loan amount, monthly cash flow, cash to close and cash out for your next deal.

<br>

## Can I cash out refi with no seasoning?

<br>

Yes! OfferMarket is one of the only private lenders with a [cash out refi no seasoning](https://www.offermarket.us/blog/cash-out-refi-no-seasoning) program. Instead of waiting for 6 months to refinance your rental property, you can refi as soon as your renovation is completed and the property is leased. Why should you have to wait to pull cash out of a property and reinvest it into growing your business?

<br>

## Do I qualify for a DSCR loan?

<br>

**Borrowing Entity:** Because our loans are business purpose, we only fund loans to business entities. If title is currently held in your personal name, you would need to transfer it into an LLC or corporation before we can fund.

<br>

**Credit Score:** the minimum credit score is 660. If you have more than one borrower in your borrowing entity, the ownership of each member will determine which credit score we use. If you do not want to use one of the member's credit score, they will need to own less than 50% of the borrowing entity. We use a [tri merge credit report](https://www.offermarket.us/blog/what-is-a-tri-merge-credit-report), which is a hard credit pull that collects your credit report from Experian, Equifax and Transunion, and we take the middle score. So, if your tri merge report is 721, 697, 738, then we will use 721 to determine your loan terms.

<br>

**Background Check:** if you have a clean background report, then you're all set. If you have one or more bankruptcy, felony or misdemeanor on your background report, then we will need you to provide a letter of explanation to determine if you are eligible for funding.

<br>

**Non-Rural:** if your property is [designated as rural](https://www.offermarket.us/blog/rural-designation-search-tools) or the appraiser indicates that your property is rural on their appraisal report, then we may not be able to fund your loan. DSCR loans are meant for properties in highly liquid markets where you can quickly sell the property for market price if need be.

<br>

**Minimum As Is Value:** currently, we require your property to appraise for at least $100,000, and we require your loan amount to be at least $75,000.

<br>

## What is the maximum DSCR loan amount?

<br>

**Purchase:** we can fund up to 80% of the purchase price as long as the property does not appraise for below the purchase price, and the appraisal market rent supports that loan amount.

<br>

**Rate and term refinance:** if you have an existing loan on the property, we can refinance up to 80% LTV as long as you do not receive more than 2% of the loan amount as a cash out at settlement.

<br>

**Cash out refinance:** we can fund up to 75% LTV.

<br>

If you're looking for more higher leverage than the above terms (i.e. higher LTV, lower down payment), we urge you to use caution because legitimate DSCR lenders will rarely offer more leverage than what is offered by OfferMarket.

<br>

## How long does it take to get a DSCR loan?

<br>

Our target for every DSCR loan is to fund in **20 to 25 days**. Here are the most common reasons why funding can be delayed:

<br>

**Appraisal delay:** 3rd party appraisers provide a report due date but may miss that deadline. The appraiser's report may need to be revised and the appraiser may be delayed in providing their revised report.

<br>

**Title work delay:** title companies and closing attorneys may take more time to complete the title work, especially if they are waiting on a lien certificate from a the county or title is clouded.

<br>

**Borrower delay:** in your OfferMarket Loan File, we provide you with a checklist of items that we need in order for your file to be ready for final review and loan approval. Our processing team will follow up to remind you when there are items that we need you to take care of, and if you do not take action on these items in a timely manner, then your loan will be delayed.

<br>

## Best cities to buy rental properties in Georgia

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
<tr>
<th>City</th>
<th>Population</th>
<th>County</th>
<th>Population Growth Rate</th>
<th>Median Household Income</th>
<th>Median Home Price</th>
<th>Market Rent</th>
</tr>
</thead>
<tbody>
<tr>
<td>Atlanta</td>
<td>492,204</td>
<td>Fulton</td>
<td>2.3%</td>
<td>$84,000</td>
<td>$400,000</td>
<td>$2,000</td>
</tr>
<tr>
<td>Columbus</td>
<td>205,772</td>
<td>Muscogee</td>
<td>1.7%</td>
<td>$67,000</td>
<td>$250,000</td>
<td>$1,600</td>
</tr>
<tr>
<td>Augusta</td>
<td>203,610</td>
<td>Richmond</td>
<td>1.3%</td>
<td>$66,000</td>
<td$250,000</td>
<td>$1,600</td>
</tr>
<tr>
<td>Savannah</td>
<td>147,780</td>
<td>Chatham</td>
<td>2.1%</td>
<td>$72,000</td>
<td>$300,000</td>
<td>$1,800</td>
</tr>
<tr>
<td>Sandy Springs</td>
<td>105,330</td>
<td>DeKalb</td>
<td>3.1%</td>
<td>$100,000</td>
<td>$500,000</td>
<td>$2,500</td>
</tr>
<tr>
<td>South Fulton</td>
<td>91,890</td>
<td>Fulton</td>
<td>10.8%</td>
<td>$55,000</td>
<td>$200,000</td>
<td>$1,400</td>
</tr>
<tr>
<td>Lawrenceville</td>
<td>80,158</td>
<td>Gwinnett</td>
<td>3.7%</td>
<td>$105,000</td>
<td>$550,000</td>
<td>$2,700</td>
</tr>
<tr>
<td>Warner Robins</td>
<td>79,600</td>
<td>Houston</td>
<td>2.9%</td>
<td>$60,000</td>
<td>$225,000</td>
<td>$1,500</td>
</tr>
<tr>
<td>Albany</td>
<td>76,354</td>
<td>Dougherty</td>
<td>1.2%</td>
<td>$50,000</td>
<td>$175,000</td>
<td>$1,200</td>
</tr>
<tr>
<td>Covington</td>
<td>62,075</td>
<td>Newton</td>
<td>2.6%</td>
<td>$90,000</td>
<td>$450,000</td>
<td>$2,300</td>
</tr>
<tr>
<td>Cumming</td>
<td>53,000</td>
<td>Forsyth</td>
<td>5.2%</td>
<td>$125,000</td>
<td>$400,000</td>
<td>$1,500</td>
</tr>
<tr>
<td>Newnan</td>
<td>35,000</td>
<td>Coweta</td>
<td>5.0%</td>
<td>$85,000</td>
<td>$300,000</td>
<td>$1,000</td>
</tr>
 <tr>
<td>Suwanee</td>
<td>30,000</td>
<td>Forsyth</td>
<td>4.9%</td>
<td>$110,000</td>
<td>$375,000</td>
<td>$1,300</td>
</tr>
<tr>
<td>Hoschton</td>
<td>25,000</td>
<td> Jackson County</td>
<td>4.8%</td>
<td>$75,000</td>
<td>$250,000</td>
<td>$800</td>
</tr>
<tr>
<td>Norcross</td>
<td>15,778</td>
<td>Gwinnett</td>
<td>2.3%</td>
<td>$103,000</td>
<td>$350,000</td>
<td>$1,500</td>
</tbody>
</table>
</div>

<br>

## DSCR Loan Atlanta

<br>

Atlanta is widely considered a prime market for real estate investors focused on asset appreciation and rent appreciation. Given the rapid rise in home values in the greater Atlanta market, it's not uncommon to see market rent lag. In a high interest rate environment, this can result in low DSCR which may cause a slight reduction in max loan-to-value (LTV).

<br>

## How do I get started with a DSCR Loan?

<br>

⚡ **[Get your instant DSCR loan quote](https://www.offermarket.us/loans)** -- takes less than a minute, be sure to submit so we can confirm the best possible terms (our instant quote is conservative and we commonly can actually provide a lower rate and higher loan amount)

<br>

📄 **Download your pre-approval letter** right in your [OfferMarket Loan File](https://www.offermarket.us/my/loans)

<br>

📄 **Upload your purchase agreement or lease** into your Loan File

<br>

🧑‍💻 **Schedule your relationship manager call** from your Loan File -- speak with your dedicated relationship manager who will address your questions and concerns and make sure we are a good fit to be your lender.

<br>

DSCR Loan Georgia, everything you need to get the best possible terms on your next rental property purchase or refinance in the peach state.

large_DSCR Loan Georgia.png

medium_DSCR Loan Georgia.png

small_DSCR Loan Georgia.png

thumbnail_DSCR Loan Georgia.png

DSCR Loan Georgia.png

DSCR Loan Georgia

<br>

<iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d49397.25389409795!2d-76.47633835784464!3d39.30347962867434!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x89c7fd84bfaa10e7%3A0x4311ab9de8a6c182!2sEssex%2C%20MD%2021221!5e0!3m2!1sen!2sus!4v1606856009037!5m2!1sen!2sus" width="600" height="450" frameborder="0" style="border:0;" allowfullscreen="" aria-hidden="false" tabindex="0"></iframe><br>

<br>

Essex is an unincorporated community and census-designated place in the suburbs of Baltimore. Essex was founded in 1909 by the Taylor Land Company and attracted Baltimore City residents looking for more living space and land. Incidentally, given the COVID-19 pandemic, the same reasons stand to drive home values higher in this part of Baltimore County.

<br>

- County: Baltimore County
- Population: 40,000​
- ZIP Code: 21221
- Property tax rate: 1.10% 
- Area code: 410, 443
- Nearest airport: BWI
- Median home value: $215,500
- Housing Units: 17,000
- Median household income: $53,885
- Per capita income: $25,841

<br>

## Property value growth rates:

<br>

- +7.5% year-over-year
- +8.5% 1-year forecast

<br>

## Walkability: Low​

<br>

## Nearby shopping:

<br>

- Food Lion
- Walmart Supercenter
- ALDI
- Millennium International Grocery
- King Liquors
- Geresbeck's Food Market
- Herman's Bakery & Catering


<br>

## Nearby attractions:

<br>

- Baltimore County Cox's Point Park
- Sue Creek Park
- Turkey Point Park
- Wildwood Beach
- Ballestone Manor
- Rocky Point Park and Beach
- Rocky Point Golf Course
- River Watch Restaurant & Marina

<br>

## How far is Essex, MD from:

<br>

- Dundalk, MD (15 min, 6.8 miles)
- Middle River, MD (9 min, 3.1 miles)
- White Marsh, MD (14 min, 9.1 miles)
- Parkville, MMD (15 min, 9.4 miles)
- Towson, MD (21 min, 13.3 miles)
- Downtown Baltimore, MD (23 min, 11.7 miles)
- Bel Air, MD (33 min, 24.0 miles)
- Columbia, MD (36 min, 27.7 miles)
- Washington, DC (60 min, 46.5 miles)


<br>

## School District:​

<br>

- Middleborough Elementary School (6/10)
- Deep Creek Middle School: (2/10)
- Chesapeake High School: (2/10)

<br>

## Major employers in Baltimore County:

<br>

- U.S. Social Security Administration (12,751)
- University System of Maryland (6,358)
- T. Rowe Price Group (4,200)
- GBMC HealthCare (3,900)
- MedStar Franklin Square Medical Center (3,600)
- Walmart / Sam's Club (3,400)
- Centers for Medicare & Medicaid Services (3,224)
- Erickson Living (3,070)
- Community College of Baltimore County CCBC (2,823)
- Giant Food (2,250)
- University of Maryland St. Joseph Medical Center (2,250)
- McCormick & Company (2,132)
- Home Depot (2,055)
- Sheppard Pratt Health System (1,913)
- LifeBridge Health (1,878)
- BD Diagnostics (1,810)
- CareFirst (1,800)
- Lockheed Martin (1,519)
- Textron Systems (1,500)
- Exelon (1,401)
- Target (1,245)
- Middle River Aircraft Systems (1,154)
- UPS (1,140)
- Stanley Black & Decker Global Tools & Storage Headquarters (1,128)

​<br>

## Sources: 

<br>

- U.S. Census Bureau
- Maryland Department of Commerce



Essex, MD is a waterside community in Baltimore County. Learn more about Essex, MD real estate. 

Essex, MD 21221 - Real Estate Market Overview - OfferMarket

Essex, MD

<br>

An appraiser is a licensed real estate professional who has completed at least 150 hours of courses and accumulated 1,000 hours of experience. No college degree is required.


<br>

## Related terms
- [Certified General Appraiser](https://www.offermarket.us/real-estate-glossary/certified-general-appraiser)
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Trainee Appraiser](https://www.offermarket.us/real-estate-glossary/trainee-appraiser)

A Licensed Residential Appraiser is a licensed real estate professional who has completed at least 150 hours of courses and accumulated 1,000 hours of experience. No college degree is required.

Licensed Residential Appraiser - Real Estate Glossary - OfferMarket

What is a Licensed Residential Appraiser?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

How much will you save when you sell your house without an agent?

Sell your house without paying any commissions or fees using OfferMarket

<br>
<br>

## How much will you save when you sell your house without an agent?

<br>

<div class="calconic-calculator"  data-calculatorid="5f519ace591ad3001e1580d9"></div>
<script>
  (function() { var qs,j,q,s,d=document, gi=d.getElementById,
  ce=d.createElement, gt=d.getElementsByTagName,
  id="calconic_", b="https://cdn.calconic.com/static/js/";
  if(!gi.call(d,id)) { j=ce.call(d,"script"); j.id=id; j.type="text/javascript"; j.async=true;
  j.dataset.calconic=true;
  j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) }
})();
</script>

<br>

When you sell your house with OfferMarket, you avoid incredibly inefficient transaction fees.

<br>

|     Comparison    |  OfferMarket | Traditional Brokerage |
|:-----------------:|:------------:|:---------------------:|
|     Commission    |      0%      |         5 - 6%        |
|    Concessions    |  0% (AS IS)  |         0 - 2%        |
|      Repairs      |  $0 (AS IS)  |         0 - 5%        |
|      Showings     |       1      |           10          |
| Closing Timeframe | 30 - 45 days |        60 days        |
|   Closing Costs   |    0 - 2%    |         1 - 3%        |

<br>

<br>

## Sell your house without paying any commissions or fees using [OfferMarket](https://offermarket.us/sell)


How much can you save when you sell your house without a real estate agent? Use our Seller Savings Calculator to explore your savings when you sell with OfferMarket.

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

Seller Savings Calculator

* Takes 1-2 minutes, no credit pull

How much will you save when you sell your house without an agent?

Sell your house without paying any commissions or fees using OfferMarket

* Takes 1-2 minutes, no credit pull

Comparison	OfferMarket	Traditional Brokerage
Commission	0%	5 - 6%
Concessions	0% (AS IS)	0 - 2%
Repairs	$0 (AS IS)	0 - 5%
Showings	1	10
Closing Timeframe	30 - 45 days	60 days
Closing Costs	0 - 2%	1 - 3%