Residential Investment Property Loans
Residential investment property loans are a mortgage for the purchase of an income-producing property. That includes buying properties to generate revenue.
True Sky Federal Credit Union Residential Property Investment Loan Benefits:
Click here to get started on your Residential Investment Property loan with True Sky Federal Credit Union.
Buying a property with a mortgage is not to be confused with a commercial loan or a real estate investment. A mortgage in this situation is used to buy a home or property that is considered a residency where up to four people can live. This includes rental properties like duplexes, single family homes, condos, etc. Whereas a commercial property loan is used to buy commercial properties like retail buildings, office buildings, rental properties that contain five or more living units like an apartment complex, etc.
A residential property investment is also most commonly purchased and managed by a pair or group of investors. Some of the main reasons a property investment is a good idea is because of the following benefits:
Deeper Dive into Key Differences Between a Business Residential Investment Property and a Residential Real Estate Loan
- The real estate must be an income earning property or support your income producing business.
- Commercial mortgages are commonly made to a company, not an individual.
- Down payments typically range from 20-30% of the loan.
- Commercial lenders can customize the repayment schedule to each borrower’s specific requirements.
Click here to get started on your Business Property Investment with True Sky Federal Credit Union.