Investment Property Home Loans
Investment properties can create a great opportunity for positive cash flows, and getting the right loan is vital to your bottom line. That being said, home loans for investment properties have different requirements. You’ll need to provide a larger down payment, 15% down on single unit properties or 25% down for properties with multiple units. You can also expect to get a slightly higher interest rate on an investment property than on an owner occupied property.
Investment Property Home Loan Options
15% down payment, 30 year fixed rate mortgage, 7.153% annual percentage rate (as of 11/28/2018)
Single Unit Properties
25% down payment, 30 year fixed rate mortgage, 6.788% annual percentage rate (as of 11/28/2018)
Two to Four Unit Properties
Note: The annual percentage rate is different from the interest rate. An annual percentage rate includes the interest rate and other costs, such as mortgage insurance. For interest rate info, please give us a call.