Have you ever considered investing in a rental property?
Our Casual Investor program is perfect for the individual looking to get started with rental property. Typically, non-owner occupied properties have a higher interest rate and a shorter amortization. However, this product mirrors our personal mortgage rates. Casual Investor is defined as owning less than five (5) rental or investment properties.
- Purchase or refinance of rental or investment property
- 1-4 single family residence
- 15 year maturity, 30 year amortization
- Loan-to-value maximum of 85% based on the lesser of the purchase price or appraised value
- Loan origination fee is 1.00% of loan amount; min $100
- Escrow is required for all residential mortgages in first lien position
- No manufactured housing
Contact of our lenders today to learn more!