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:
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Borrow from $75,000 on Conforming and Super Conforming qualified properties*
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Mortgage Lending in ALL 50 United States
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Non-Owner Occupied Properties up to 4 Units
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30 and 15 Year, Fixed Rate, Fully Amortized
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$699.00 Processing Fee**
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No Rate Lock Fee
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Maximum Combined Loan to Value Ratio (CLTV) 75%***
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Total Debt to Income Ratio’s up to 50%
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Optional impounds for Taxes and Insurance
Additional Requirements of AFCU’s Investment Property Loans:
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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.
Apply Now
To speak with a knowledgeable mortgage team member, call 800-795-2325, option 7