Investment Property Loans
Looking to build wealth through real estate? Whether you’re eyeing a rental property or a fix-and-flip opportunity, investment property loans can provide the financing you need to get started.
Investment properties are…
- Income-producing
- In-excess of 4-units
- Any property that you do not occupy.
Examples of investment properties:
- Condominiums
- Duplexes (unless you plan to occupy one side)
- Multifamily homes
- Any residential structure that exceeds 1 unit and is not occupied by you (the owner)
Characteristics of Investment Property Loans:
These loan types have stricter qualifying requirements, larger down payment requirements and carry higher interest rates than a ‘conforming’ mortgage.
- Minimum FICO score: 660
- Loan-to-Value (LTV) up to 80%
- Loan amounts up to $3 million
- Debt Service Coverage Ratio (DSCR) as low as 0.80
- Eligible for purchases, rate/term refinances, and cash-out refinances
- Unlimited financed properties allowed
- Minimum of 6 months’ reserves required
- Prepayment penalties with three different options
- Two appraisals required for loans over $2 million
- Loan terms: 15, 20, or 30 years
Ready to take the first step?
Get pre-qualified or approved!
You will be redirected to a secure third-party application portal.
