ZERO DOWN INVESTMENT LOAN!
As of March, Texas Mortgage Center can now offer 100% LTV non owner occupied properties.
10% down for Stated Income Investors.
A Texas investment loan can be used for rental property (non-owner occupied loans) 1-4 units. Investment property loans are usually about one-half point higher interest rate than an owner occupied, or non investment loan. On an investment loan, the borrower can pay one and one-half more points and keep the same low rate as owner occupied properties. Investment loans are generally fannie mae rates and higher due to risk.
Qualifying for an investment loan:
Lenders use 75% of rent less principal, interest, taxes and insurance to determine negative cash flow, and the negative cash flow is added to the borrower’s other debts to calculate debt to income ratios.
Required down payments for Texas investment loans:
- 95% LTV available
- 5% down is also available if the seller is willing to carry a 5% second lien.
- 10% down 90%ltv available for credit scores over 660
- 20-25% down 75 – 80 % ltv available to most credit scores over 600.
- Note: 25% gives you the best rate for an investment loan or non owner occupied loans.
- There are certain requirements by lenders regarding investment properties.
To find out if you are eligible for a Texas
investment loan contact our lending experts!
Let us guide you and help determine what your total payments will be for your investment loan. Please click here to fill out the short application, and a investment loan professional will contact you with information on your investment loan.
Preparing for an Investment Loan
Establish real worth of investment property by comparing the asking price with similar properties in the same area, and by discussing the price with area real estate agents.
Analyze your budget. Texas Mortgage Center will help you with budgeting concerns, click here to contact us today.
Compare and evaluate investment properties you are interested in before making a choice.
Contact Texas Mortgage Center [click here] to apply for your investment loan.
Texas Mortgages
No two borrowers are alike. By working with many investors, we can offer custom solutions for every residential mortgage financing situation in the state of Texas. Whatever your residential financing needs, we will tailor a loan that’s right for you.
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Disclaimer: This is not a solicitation for loans in states for which we are not licensed.
