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Mortgage for Investment Property                                                                                                                      

Mortgage for investment property products are my specialty. I have developed extensive knowledge of the underwriting requirements of these mortgage for investment property products. For experienced property investors, there are depreciation and expense treatments which improve your mortgage ratios. For new property investors, there are mortgage programs allowing lower down payments. Email mortgage for investment property questions

Investment property programs fall into two categories: Fannie & Freddie and our Investor Specialty Programs. 

Mortgages for investment property  sold to Fannie Mae or Freddie Mac require a down payment ranging from 10% to 25% with an investment property fee ranging from 1.5 to 3 points. Please understand that these investment property fees are imposed by Fannie and Freddie and are not charges from either your lender or your broker. However, the investment property fee allows using conventional rates and loan limits. These conforming loans are available as either fixed rate or an ARM. Even with the investment property fees, these loans can be a good choice if your goals are to maximize cash flow and you plan to hold the property for a 3 to 5 year period. Ratios are normally 28/36, but with automated underwriting, Excellent credit and some liquid reserves, it is not uncommon to see back ratios in the middle 40s. Rental income is decreased by a 25% vacancy factor but there are underwriting methods which eliminates this issue for experienced investors.

The Investment Property Mortgage Specialty program (actually a growing group of investor loan programs) allows purchase or refinances with only 5% equity. The program allows up to 20 properties plus your home.

100% investment property financing is now available with reasonable rates. These programs have been available for a while, but at extremely high rates compared to market rates.

I have an investment property mortgage based on the LIBOR Index. The LIBOR (London Interbank Offered Rate) Index is more stable than the COFI index (Cost of Funds Index). One feature of the program is four repayment options. You can decide to amortize the loan for 30 or 15 years, a minimum amount, or interest only. Choose every month and have the flexibility to manage cash flow as never before!

Read more about Mortgage for Investment Property Closing Costs

I have a page on how to calculate your qualification ratios.

I have a page on documentation requirements.

Limited and No Documentation loans are now available.

If the building you are looking at contains 5 or more units, you need commercial loans.

If your interest is in foreclosures, visit my foreclosure properties page I have a free report available by email.

Here are my thoughts on the difficulty of "flipping" investor properties.

For the the greatest flexibility and maximum loan qualifying ratios, you may be interested in the Cash Flow ARM.

I have a page on how to properly compare different investment property that may be helpful to you

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

Mortgage for investment property Prequalify for your Mortgage for Investment Property.
 



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Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.