Georgia Second Home Loans and Mortgage Solutions
Financing Your Dream Second Home
Looking for a mountain cabin, a lakefront escape, or a coastal getaway in Georgia? BNB Lending offers second home loans built for part-time living and occasional rental use.
We finance vacation homes and seasonal residences throughout Georgia. With competitive terms, streamlined approvals, and flexible usage guidelines, we help you secure the ideal second home to match your lifestyle or investment strategy.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states!
Frequently Asked Questions
What are the requirements for a second home loan, and how does Georgia define second homes?
Second home loans in Georgia follow conventional federal guidelines. The property must be a one-unit home, livable year-round, and personally used by the borrower for part of the year. BNB Lending typically requires a 10–20% down payment, good credit, and documented income. Georgia does not impose state-level occupancy or distance restrictions for second homes. If the property will be used primarily for seasonal living with occasional rentals, it may still qualify. We’ll evaluate your Georgia home’s use plan to determine the best loan structure for your needs.
How do Georgia short-term rental rules affect second home financing?
Georgia does not enforce statewide short-term rental regulations, but many cities and counties—including Atlanta and Savannah—require business licenses or collect hotel/motel taxes. These local rules can influence how a second home is treated for lending and tax purposes. If your Georgia property will be used mostly for personal enjoyment and rented only occasionally, it may still qualify as a second home. BNB Lending helps you assess your intended use and local ordinances to ensure your financing aligns with STR and zoning requirements.
Do Georgia second homes qualify for property tax exemptions or lower rates?
Georgia assesses all real estate—primary homes and second homes alike—at 40% of fair market value. Second homes do not qualify for homestead exemptions unless designated as your primary residence. This means your Georgia second home will be taxed at the full residential rate, and the assessed value may result in a higher annual bill compared to a primary home. At BNB Lending, we help you anticipate these costs during the loan planning process so that your Georgia homeownership strategy stays financially sound.
Can I deduct mortgage interest on a Georgia second home?
Mortgage interest on a Georgia second home may qualify for both federal and state-level deductions if you itemize your taxes. The state allows deductions for mortgage interest paid, though limits may apply based on income and filing status. If you also rent the home part-time, a portion of that interest may be deductible as a rental expense. At BNB Lending, we structure your Georgia second home loan with these benefits in mind. Always consult a tax advisor to determine how deductions apply to your specific situation.
Are there second home loan programs available in Georgia?
State programs like Georgia Dream are only available for first-time homebuyers purchasing a primary residence. There are no government-sponsored second home loan programs in Georgia. BNB Lending fills that gap with flexible private lending options designed for part-time use and occasional STR income. Whether you're buying in the North Georgia mountains, Lake Lanier, or the Golden Isles, we provide fast approvals and custom loan terms to help you secure your second home with confidence.
What types of Georgia properties qualify for second home financing?
Second home loans in Georgia may be used for single-family homes, cottages, condos, and townhomes that are suitable for year-round living and used part-time by the borrower. Some 2–4 unit properties may qualify if you occupy one unit. Zoning and HOA rules can impact rental use, especially in coastal towns and resort areas. BNB Lending evaluates your Georgia property’s eligibility and ensures that your financing aligns with both lender and local requirements. We make it easy to navigate the purchase process from start to finish.
Who should consider second home financing in Georgia instead of an investment loan?
These loans are perfect for self-employed individuals, LLCs, and investors managing multiple properties. If you plan to use your Georgia property part-time and rent it occasionally, a second home loan often offers better rates and terms than an investment loan. These loans must be issued in your name—not under a business entity. At BNB Lending, we structure Georgia second home loans to help you preserve cash flow, meet lending criteria, and achieve long-term flexibility.
Thinking beyond Georgia? Explore Airbnb loans and second home opportunities in nearby states like Alabama or South Carolina to expand your portfolio.
