Investment Loans
There are many different options
for investment property originations. You can choose among fixed-rate
mortgages, ARMs, balloon/reset mortgages and other specialty mortgage
products like A-minus mortgages and the Financed Permanent Buydown Mortgage.
No cash-out and cash-out refinances are also available.
Eligible property types are
1- to 4-unit investment properties. Property types not eligible include
properties that meet the definition of Condominium Hotels.
If you own or are purchasing
more than one financed investment property, you must have an individual
and/or joint ownership of no more than ten 1- to 4-unit properties that
are financed., including the subject property. Ownership of commercial
or multifamily (five or more units) real estate is not included in this
limitation.