Best Investment Property Loans
Investment property loans provide fast access to capital.
Whether you are purchasing a multifamily property or a vacation rental property, it’s wise to have several options for your acquisition.
Mindful Money has a variety of resources for investment property loans.
Loans for Income-Producing Properties
As a real estate investor, it’s a good idea to line up your financing before searching for an income-producing property.
If you are a first-time buyer for an investment property, a mortgage broker typically has more financing options than a local bank.
A licensed mortgage broker can shop the marketplace to find competitive rates and terms for an investment property.
What Credit Score is Needed for Investment Property Loans?
Credit score requirements will vary among lenders.
A minimum credit score of 620 is desired for a borrower who wants to buy an income-producing property.
Ultimately, the credit score that you’ll need to qualify for an investment property mortgage may be based on the loan program, loan size, type of property and your financial situation.
DSCR
Loans that consider a property’s debt service coverage ratio will not require your personal income to get approved for an investment property loan.
An underwriter will review the subject property to ensure that it has a sufficient amount of income to cover the mortgage payment, property taxes, insurance and other property-related expenses.
Fix and Flip Investment Property Loans
Time is of the essence, when you’re an investor in a fix and flip project.
Samantha Cooley is an experienced mortgage broker in Arizona who can carefully review your application for fix and flip financing.
Samantha has reputable resources for small balance mortgage loans, short-term financing and fast investment property loans.
Contact Samantha at Mindful Money for a thorough review of your plan to acquire, improve or market your investment property.
Non-QM Investment Property Loans
Non-qualified mortgages provide financing for borrowers who do not meet traditional lending guidelines for investment property loans.
Lenders offer flexible financing programs for qualified investors.
Unlike meeting the standard mortgage qualifications set by the CFPB, Non-QM investment property loans enable borrowers to apply for financing with bank statements, rental income or certain financial assets.
Apply for an Income-Producing Property Loan
If you’re wondering whether you qualify for an investment property mortgage,
A knowledgeable mortgage professional can review your qualifications.
Reach out to Mindful Money about 1-to 4-unit property financing in Arizona, California or Colorado for fast support.
Schedule a call with Samantha Cooley if you’re an investor, self-employed or you want honest assistance from a mortgage broker with more than 20 years of experience.