A real estate property that is not occupied by the owner and has been bought with the intention of return on investment either through rent, the future resale of the property, or both is considered an investment property.
Investment properties can be long-term endeavors, like a rental home, or for the intent of short-term return on investment, as is the case for rehabilitation (where a property is purchased, remodeled, or renovated and sold at a profit). Whatever the use of the investment property may be, the first step is deciding the type of loan that’s best for you. That’s where Supreme Lending DFW comes in. Our experienced team is here to help you understand your investment property loan options and confidently navigate you through the process.
*Supreme Lending is not a licensed CPA or Tax consultant and, therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.
Flipping a house or making a long-term investment on a rental property? You’ll need a mortgage professional with experience to help navigate you through your unique situation. Supreme Lending DFW has several different types of loans for investment properties. Our skilled professionals can help you through the process.
Whether you’re ready to start earning passive income through rental properties or flipping a house, loan acquisition may be your next step. If you’re just starting out, you might have a few questions. Learn more about Supreme Lending’s loans for investment properties with these frequently asked questions.
Supreme Lending DFW has several loan programs available. The one that fits your needs depends on how you plan to utilize your property. For a long-term investment, conventional loan may be best. If you’re looking for a shorter term, we offer condo financing options, too. Lending needs may vary if you plan to sell quickly. Supreme Lending DFW’s investment property loans include fixed-rate options and flexible terms. Our professional team can help you narrow down which option would be best for you.
Rental property investment loans are typically intended for well-qualified borrowers. These types of loans have higher rates of default, so the qualifications are stricter. The loan process requires you to show proof of income and a solid Debt-to-Income (DTI) ratio. Your current debt, credit score, and savings will also be considered. Prepare yourself for a larger down payment compared to other loan options. The least you can expect for a down payment is 15%, but be prepared to put down as much as 20%.
We encourage you to check out our learning center for more info on mortgage basics and the unique types of loans we offer for investing in property. For more answers to frequently asked questions, click the link! You can also contact us directly at any time.
Learn more about your loan options for investment properties straight away. The mortgage experts at Supreme Lending DFW will match you with the best loan to make your investment dreams come true. We know all about the loan process and have experience navigating investors through every step. Our service is speedy and accurate to get you closed and funded quickly. Contact Supreme Lending DFW today!
