Investment properties are generally defined as a property being rented. Second (vacation) homes are not considered investment properties. An investment property cannot consist of more than four rental units. These mortgages require complete documentation about the borrower and the property. Typical down-payment requirements are as much as 20% of the purchase price. Interest rates can be fixed for as long as 15 to 30 years. The rates are generally about 3/8 percent higher than normal owner occupied rates. Please contact us if you are interested in this type of loan.
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