If you are in the market for a second home, vacation home, or investment property in Stockton or the nearby area, H.O.M.E. makes it fast and easy to apply for a suitable loan.
If you spot an exciting real estate investment opportunity, you can be sure that you are not the only one to have noticed it. That is why we close fast so that you can be the one to scoop up that valuable property before competing buyers get the chance.
While applying for an investment property loan is similar in some respects to applying for a mortgage for a primary residence, there are some differences in the requirements.
The down payment requirement will typically be higher for this type of mortgage, usually around 20% at the minimum. You also will need sufficient funds to cover the closing costs.
Planning to rent out your investment property? If so, you will need to decide whether you want the rental income to be factored in when determining your eligibility. If you do, you will need to demonstrate that you have the minimum required property management work experience.
As with any type of mortgage, your credit score and DTI ratio will be assessed when determining whether to offer you an investment property loan.
Cash reserves will be assessed during the application process. Ideally, you should have a minimum of six months’ reserves.
At H.O.M.E., we want to make it as fast and easy for you to qualify for an investment property loan as it would be to qualify for a mortgage for a primary residence. To schedule your consultation for a loan for a second home, vacation home or other investment property, please call (209) 477-0262 or email firstname.lastname@example.org.
Top Rated Mortgage Broker In Stockton
H.O.M.E. Lending is located on 1919 Grand Canal Blvd A6, Stockton. Located about 10.5 miles from the Stockton Metropolitan Airport (SCK). From the 5 Fwy exit March Ln and turn east. Then turn right at the 3rd light (McGaw) and turn into the first drive way. H.O.M.E. Lending is located directly across the street from F&M Bank.
We are open Monday - Friday 8am - 6pm.
For additional questions you can call us at (209) 477-0262 or you can find us on Yelp.
H.O.M.E. Lending is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.