Why Choose an Investment Property Loan?
- Earn Rental Income – Buying an investment property allows you to generate monthly rental income.
- Build Wealth – Real estate can be a powerful way to grow your wealth over time as property values rise.
- Tax Benefits – Owning an investment property may allow you to take advantage of tax deductions on expenses like mortgage interest, repairs, and property management fees.
- Diversify Your Portfolio – Investment properties offer a way to diversify your investments beyond stocks and bonds.
- Leverage Property Value – Use your investment property as collateral for future loans or to build additional wealth.
Investment Property Loan Options
- Conventional Loans – For borrowers with good credit and steady income, a conventional loan can offer competitive rates and terms.
- FHA Loans – In some cases, you can use an FHA loan to buy a multi-family property (up to 4 units) as long as you live in one of the units.
- Portfolio Loans – For unique properties or situations, portfolio loans may provide more flexibility in terms of qualifications and requirements.
- Commercial Loans – For larger, multi-unit buildings or commercial properties, we can help you secure financing through a commercial real estate loan.
- Cash-Out Refinance – If you already own an investment property, you may be able to cash out some of the equity for future investments or upgrades.
- DSCR Loans (Debt Service Coverage Ratio) – A DSCR loan is a great option for investors who may not have traditional income documentation (like pay stubs or tax returns). Instead, this loan focuses on the property’s income potential. The lender looks at the rental income the property generates and compares it to your loan payments. If the property’s rental income is enough to cover the mortgage, taxes, and insurance, you may qualify for the loan. This option is often used by investors who want to buy properties for rental income but don’t have a regular salary.
How The Mortgage Source SC Can Help
At The Mortgage Source SC, we help you find the right loan for your investment goals. Our experts will:
- Evaluate your investment goals to recommend the best financing options.
- Guide you through the process of applying for and securing an investment property loan.
- Compare different lenders to help you find the best rates and terms.
- Support you in expanding your portfolio by helping with future property investments.
Get Started Today!
Contact us to learn more about investment property loans, including DSCR loans, and start building your real estate portfolio!