INVESTMENT PROPERTY LOANS

INVESTMENT PROPERTY LOANS

What is an Investment Property Loan?

Fintech Mortgage Association offers investment property loans for those interested in buying or refinancing rental properties, whether it is a single-family home, condominium, PUD, or multi-family dwelling.

A non-owner-occupied conventional loan of 75% of the lower of appraised value or the purchase price is the most often available loan from the majority of lending institutions, but Fannie Mae and Freddie Mac will make financing available up to the 85% loan-to-value level. Since mortgage insurance is not available for investment properties, investment purchase loans usually require a minimum 20% down payment.

Conventional lenders generally charge a quarter to one-half percent more interest on a loan for a rental home than if the same home were used as the primary address for the borrower. Of all kinds of residential rental properties, the single-family home offers the lowest interest rate.

If your current owner occupied home has enough equity, you may be able to use it to buy additional property, by doing a cash out refinance.

We also offer alternative lending for experienced real estate investors based on the debt service coverage ratio (DSCR) of the property. Investors can put as little as 15% down and qualify off of the cash flow of the investment property

The Fintech Mortgage Association Experience

At Fintech Mortgage Association you can expect transparency and open communication, a knowledgeable team of industry experts and a customer-centric team working together to make your home buying experience effortless and exciting. We are fast and efficient, closing most of our purchase loans in 30 days or less.

Fintech Mortgage Association will offer the right loan tailored to you (VA, FHA, Conv, Jumbo and much more). Contact us for more information on your mortgage loan needs.

Any questions? Our Loan Officers would love to answer any of your questions on our conventional loans and get you pre-qualified today! Try our 1 minute Quick Qualify App. Discover Your Score HERE