Investment Property Financing

Investment Property FinancingFlagstone can provide mortgages for those client’s that own or want to acquire properties for investment purposes. These properties can be for single-family homes, duplexes, triplexes, or fourplexes. Once the property has more than four units it must be financed through our commercial mortgage division.

On purchases you must put twenty-percent as a down-payment on your mortgage though better rates are available with twenty-five percent down-payment. Refinances are limited to a maximum loan to value of seventy-five percent which means you must have at least twenty-five percent equity.

Investment property loans require very good credit and you must have sufficient liquid reserves after closing on an investment property. Currently Fannie-Mae and Freddie-Mac will not lend when an investor has more than ten properties financed including their own home mortgage.

Should you want to purchase or refinance investment properties call us today.

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