Investment Property

What Are Investment Property Loans?

Investment property loans let you borrow money to purchase a property you don’t intend to live in. Investment property loans usually require a greater down payment and often have higher interest rates than loans for owner-occupied properties.

On the flip side, this can actually be a good thing for investors. A larger down payment means you’re going to have greater equity in the property. Your higher interest rates will come back to you in the form of tax deductions.

Investment Property Loan Requirements at a Glance

While there are a variety of types in the arena of investment property loans, they usually have the following requirements.

  • A credit score of at least 620.
  • Your down payment will need to be at least 20%.
  • Liquid assets to cover at least 6 mortgage payments.

How to Get a Investment Property Loan

We will need to determine which type of investment property loan is right for you based upon your property type and other factors. Contact our team now for a free consultation.

 

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