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:

  • Flexible terms with amortization up to 30 years
  • Local underwriting and quick decisions
  • Competitive fixed or variable rates
  • No prepayment penalty
  • 15% to 25% down
  • Loans must be secured by residential real estate

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:

  • Financial Stability
  • Great returns on property investment
  • Ability to leverage funds
  • Form of passive income
  • Personal property diversification
  • Tax advantages

Advantages To Real Estate Investment Loans

There are numerous advantages to residential loan investments aside from the income of monthly cash flow. This particular benefit, however, changes depending on what residential investment property loans you choose.

A strong economy, affordable housing, and population growth are just a few of the things you should consider when choosing investment rental properties. At True Sky Federal Credit Union, we are experienced in helping our members understand what makes a property a good investment, and how to help you get a loan.

True Sky Federal Credit Union wants to help you get a residential investment property loan that will allow you to purchase the residential investment property that you want. Below are a few ways True Sky Federal Credit Union offers a property investment loan that stands apart from other banks/credit unions.

Key Differences Between a Business Residential Investment Property and a Residential Real Estate Loan

  1. The real estate must be an income earning property or support your income producing business.
  2. Commercial mortgages are commonly made to a company, not an individual.
  3. Down payments typically range from 20-30% of the loan.
  4. 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.