buying an investment property
An investment property can be a smart financial decision. See which loan options work best.
what should I know?
Whether you’re planning to use it for rental income or fix it up and resell later, buying an investment property in today’s market can be a smart business decision.
Still, lenders tend to be stricter when it comes to investment properties. The way they see it, you already have obligations on your primary residence, which makes you a risk. That’s going to mean slightly higher interest rates, larger down payments, and a few special requirements to meet.
For more information—or to get your free rate quote—call us, chat online, or fill out our form here.
which loan type is the best?
That depends on what you want to do with your property. Here are a few of our most popular options:
A fixed-rate mortgage perfectly suits today's low interest rate environment. The 30-year option is the one you hear about most, but there are also 10-, 20-, and 15-year terms for those who want to pay off their mortgage quickly.
A jumbo mortgage is what you’ll need if your loan surpasses the conforming limit (the largest size loan Fannie Mae or Freddie Mac can purchase). The conforming limit starts at $424,100, but varies by locale.
An ARM starts with a very low, fixed interest period, and then adjusts each year. It’s perfect for properties you don’t intend to keep for very long.
Let us help you find the perfect loan for you.
Tight moving deadlines? No problem! Meet even the tightest deadlines with our 21 day purchase closing guarantee.*
For almost twenty years, we’ve done nothing but residential mortgages. That’s a lot of experience—and a lot of expertise. We do everything in-house, so our mortgage professionals can guide you through our streamlined process, from credit check to closing.