Not having any luck in the GA forum, so I thought I'd double post this here. Hopefully this is OK with the mods!

I have a lender who is processing a short term, single pay purchase of a home for the borrower's daughter. At maturity the loan will be refinanced with the daughter's name added and placed on an amortizing schedule. It's not really investment property, so I've recommended they underwrite it according to second home guidelines and there is a question regarding the state LTV limit because it is a non-amortizing loan.

Can anyone point me in the right direction, please? My boss is on vacation, and she can rattle these laws off the top of her head....