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Investment Property Loans

AFCU provides Investment Property loans for members who want to buy or refinance a single family home, condo, or 2 to 4-units. Investment Property is property not occupied by the owner and is not the owner’s retirement or second home. Investment Property is purchased with the intention of earning a return through rent (income), the future resale of the property, or both.

Features of Investment Property First Mortgage Loans:

  • Borrow from $75,000 on Conforming and Super Conforming qualified properties*
  • Mortgage Lending in ALL 50 United States
  • Non-Owner Occupied Properties up to 4 Units
  • 30 and 15 Year, Fixed Rate, Fully Amortized
  • $699.00 Processing Fee**
  • No Rate Lock Fee
  • Maximum Combined Loan to Value Ratio (CLTV) 75%***
  • Total Debt to Income Ratio’s up to 50%
  • Optional impounds for Taxes and Insurance


Additional Requirements of AFCU’s Investment Property Loans:

  • Borrower must have good to excellent credit, demonstrate the ability to pay for/carry the property in the event it is not leased (i.e., have sufficient reserves) when the loan closes, and provide full documentation of income and employment.

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To speak with a knowledgeable mortgage team member, call 800-795-2325, option 7

* Contiguous United States and District of Columbia (NOT Puerto Rico, Alaska, Guam, Hawaii, and the U.S. Virgin Islands). Actual loan limits for certain high-cost areas, as determined by FHFA, may be lower than the maximum high-cost area limits identified above. If you are considering applying for a super conforming mortgage, it is important you check the loan limits for the specific county where the property is located. The current loan limits for high-cost areas are available at www.fhfa.gov. Contact an AFCU Mortgage team member for loan limits for high cost areas, or Super Conforming Loan Amounts at 800-795-2325 option 7.

** Fees not including third party fees. Additional pricing fees may be required based on property, income, loan amount, credit qualification and other contributing factors.

*** Mortgage Insurance required for CLTV exceeding 80%.

Full appraisal required. Subject to full documentation of assets and income. Quoted rates and terms are subject to change without notice.