Loan programs in Savannah
DSCR Loans in Savannah
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in Savannah
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in Savannah
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Savannah
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in Savannah
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Savannah
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in Savannah
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in Savannah
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in Savannah
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Neighborhoods in Savannah
- Historic District
- Ardsley Park
- Midtown
- Southside
- Sandfly
Why borrowers look at Savannah
Savannah blends one of America's most visited historic cores with a working port economy and a growing manufacturing and logistics sector. Housing ranges from restored rowhouses and Victorian homes around the squares to bungalows in Ardsley Park and newer suburbs on the Southside. SCAD students, military families from nearby Hunter Army Airfield, and hospitality workers create deep rental demand, while investors eye historic properties near the tourist core. Buyers get more space per dollar than in Atlanta, but flood zones and hurricane exposure make insurance and elevation a central part of every purchase decision. Commuter suburbs like Pooler and Richmond Hill add newer construction, and the port's continued growth keeps logistics and blue-collar employment steady.
Local market snapshot: Savannah
| Median home value | $248,900City of Savannah · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,382/moCity of Savannah · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 0.81% (approx.)Chatham County, effective rate (approx.) · Source: SmartAsset, Georgia Property Tax Calculator |
Homeowners insurance: Hurricane and tropical-storm exposure plus low-lying flood zones define insurance here. Check the flood map for any property you consider and budget for wind coverage and possibly flood insurance on top of a standard policy.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in Savannah
- Pull the Chatham County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price.
- For rentals, check rent comps and any local rental registration or short-term rental rules in Savannah.
- Georgia charges an intangible recording tax on long-term notes secured by real estate ($1.50 per $500 of loan amount, with a cap), plus a transfer tax of $1 per $1,000 of value on deeds.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Georgia cities
- Atlanta
- Augusta
- Columbus
- Macon
- Athens
- Marietta
- Alpharetta
- Sandy Springs
- Roswell
- Lawrenceville
- Warner Robins
- Valdosta
- Albany
- South Fulton
- Johns Creek
- Stonecrest
- Smyrna
- Brookhaven
- Dunwoody
FAQ
What loans can I get in Savannah, GA?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in Savannah?
Chatham County. Lenders include those taxes in the monthly payment used to qualify you.