Property investors need flexibility. In many cases, funding your latest real estate investment with a conventional loan doesn’t make financial sense. If you are a new or experienced real estate investor who doesn’t meet the profile requirements for a traditional loan, MortgageDepot has a new option for you.
Paving the Way for Real Estate Investors
At MortgageDepot, we understand that property investors are often seeking a specific type of loan. They don’t want to spend more than they need to on mortgage insurance, yet they might have a high LTV. They might have a “fair” credit score that typically prevents them from taking advantage of the best interest rates available.
If these conditions have made it difficult to get an investment mortgage in the past, MortgageDepot can help. Our newest investment loan option gives our clients with specific needs the opportunity to expand their portfolios.
Details Matter: The Specifics on Our Investment Property Program
If you are a real estate investor who is looking for a better option to fund your next purchase, MortgageDepot has a solution. Here are the highlights of our new investment property program:
- This program is designed exclusively for investment property borrowers.
- Borrowers with an LTV of up to 85% are eligible to receive a loan without mortgage insurance.
- Borrowers must have a minimum credit score of 640.
- 25- and 30-year fixed-rate mortgages are available.
- Loans from $100,000 up to the conforming loan limit in your area are eligible.
The MortgageDepot Difference
When you partner with MortgageDepot, we’ll work as a team with you to reach your real estate goals. We understand that no two clients are alike. We tailor our services to your needs, offering a wide variety of mortgage solutions that make personal and financial sense.
Here are a few benefits that our clients receive:
- Digitally-enabled services that combine decades of tried-and-true experience with the benefits of modern technology.
- A selection of specialty mortgage products that make sensible loan programs available to more clients.
- The lowest interest rates currently available, saving our clients thousands of dollars throughout the life of their loans.
- A bilingual staff with a passion for diversity.
- An easy, seamless loan process that encourages client input.
If you are a real estate investor who is looking for a way to fund your next property purchase, contact MortgageDepot today. Our experienced loan officers will help you decide if our new investment property program is the best road to real estate wealth.
Contact one of our loan consultants to learn more.
*This product is not regulated by the New York State Department of Financial Services