ZERO DOWN Rental Property Loan!

As of March, Texas Mortgage Center can now offer 100% LTV non owner occupied properties.

10% down for Stated Income Investors.

A Texas rental property loan can be used for rental property (non-owner occupied loans) 1-4 units. Rental property loans are usually about one-half point higher interest rate than an owner occupied, or non investment loan. On a rental property loan, the borrower can pay one and one-half more points and keep the same low rate as owner occupied properties. Rental property loans are generally fannie mae rates and higher due to risk.

Qualifying for a Rental property 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 rental property loans:

  • 5% down 95% LTV available for credit scores 720+
  • 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

rental property loan call today 214-213-8967

Let us guide you and help determine what your total payments will be for your rental property loan. Please click here to fill out the short application, and a rental property loan professional will contact you with information on your rental property loan.

Preparing for a Rental Property Loan

Establish real worth of rental 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 rental properties you are interested in before making a choice.

Contact Texas Mortgage Center [click here] to apply for your rental property 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.