Finance the purchase of Fannie Mae owned property with as little as 15% down (no mortgage insurance).
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Quick Qualifications:
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700 minimum
credit score.
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Minimum
cash investment must be equal to 15% of the sales price (no mortgage insurance).
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Cannot have
more than four financed properties. After closing cash reserves must be equal to 6 months mortgage payments for each financed
property.
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Interest rates are based on borrower qualifications. Click here to review interest rate averages. Mortgages secured
with investment properties tend to have high interest rates, typically ½% with 20% down and ¾% with 15% down.
Other factors affect interest rates. Your actual rate may be higher or lower than the average.
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Other conditions
apply. Contact us for details.
Please Note: This will give you an idea of your qualifications and help you estimate monthly payments. It is not intended
as a pre-approval. If you would like to be pre-approved, feel free to give us a call at (877) 313-5954. If you prefer, click here to apply “On Line”.