Investment Property Loans and Financing
We have a range of residential investment loans to meet the varying needs of investors. Whether you are planning to buy a second home or investment properties, such as one to four unit residential properties or vacation properties, we have a loan program for your unique needs. With our programs, you may be able to use your current home equity to finance buying additional property.
PROGRAMS FOR INVESTMENT PROPERTIES
- Conventional Financing: This is obtained by documenting your personal income and assets for qualification for the financing of the investment property.
- DSCR (Debt Service Coverage Ratio): Personal income is not taken into consideration. Instead, the lender looks at the investment properties cash fow to determine eligibility
Either way, at least a 20% down payment is required and possibly more depending on the situation.