Investment Property Loans & Mortgages

Investment Property Loans

When you are ready to invest in real estate, we will help you find the financing that meets your needs.

Is an investment home right
for me?

When you are ready to explore the opportunities that real estate investment can offer, we can help you cut through the confusion in order to make the right decisions for your future. The competition for investment homes can be tough in many markets. You may need additional assets for repairs, or times when there are no renters in your property. Do the numbers work out in your favor?

What to consider before buying an investment home.

Investing in real estate is more than just purchasing a property. Rental properties can bring in monthly cash flow, but do you want to act as a landlord? Buying a property at a low price and “flipping” it, fixing it up and selling it for a higher purchase price, will require some home repair know-how, or investing more money for repairs. Both options have pros and cons to consider, but either way you are looking at a tangible asset that can possibly bring in positive cash flow and tax deductions.

We have seen countless investment situations, so go ahead and ask us; we want to help.

Things To Consider

What will you do with this
investment property?

Do you want to find property to put on the rental market, or will you be fixing the home up so you can resell it? The amount of time that you plan on keeping your investment property can help you determine which loan program will suit your plans for your investment property

Can you use the equity in your existing home for a down payment?

Investment properties may have extra stringent requirements from lenders, including a larger down payment. We can help you explore all of your options to get the down payment you need, such as equity in your current home or other assets like money in a brokerage or retirement account.*

What can you deduct?

Tax deductions may be as much a reason to buy an investment property as positive cash flow. Did you know that you may be able to deduct appliances, mortgage insurance, or even mortgage points? Our team of advisors may be able answer your questions about the advantages of real estate investment.

*We are not licensed tax professionals. Please consult your tax or financial advisor for specific tax and financial information.

LET'S GET STARTED

Let us help you find the home loan to reach your financial goals.

FIXED RATE

The peace of mind of a fixed rate and payment is the right choice for most borrowers.

*Please visit our Disclosures page for more details for all loan types

ADJUSTABLE RATE

When you have short term lending goals, an adjustable rate may be right for you.

*Please visit our Disclosures page for more details for all loan types

CONVENTIONAL MORTGAGE

A conventional mortgage is a home loan that falls under the conforming loan limit of $453,100 (which is set annually by the Federal Housing Finance Agency)

FHA MORTGAGE

A mortgage that is insured by the Federal Housing Administration (FHA). FHA loans allow for down payments as low as 3.5%* and lower credit scores than most conventional loans. There are maximum loan amounts that vary by county.

JUMBO LOANS

Loans for premium real estate areas that exceed the conventional conforming loan limits (ranging between $453,100-$679,650 depending on area)

REVERSE MORTGAGE

If you are 62 or older, leverage the equity on your primary residence.

USDA LOANS

A loan to fund your small town dreams of rural home ownership, with lenient down, income and credit requirements.

VA MORTGAGE

Loans for veterans, servicemembers or surviving spouses. With qualifying income and credit, you can buy a primary residence with no money down at a fantastic rate.

American Pacific Mortgage Programs

The Loan Process

1.	Get Pre-Approved

This is the time to get in the know. A pre-approval will give you an advantage when you find your perfect home. We can tell you what you need to get pre-approved, so you know the exact loan amount you qualify for, what your monthly payment will look like, and how much taxes and insurance will be. With a pre-approval, the loan process will be smoother and your offer will be stronger.

2.	Select Your Loan Program

Fixed rate? Adjustable? FHA? There are multiple loan options that may fit your unique needs, and we can help you choose. Are you looking for the consistent rates and payments that a fixed rate loan can provide? Do you want the short-term benefits of lower rates that an adjustable rate loan can bring? Our extensive portfolio of loan options means you have more options available to get just what you need.

3.	Loan Application

Your application will provide a complete picture to loan investors of your assets, debts and what you are buying. You will need to provide documentation, including a photo I.D., pay stubs, proof of income, tax returns, employment history, and information on all debts, assets, and sources for down payments. Don't worry, we will let you know exactly what is needed for the loan application so you can be fully prepared.

4.	Processing and Underwriting

Your loan has specific investor guidelines that must be met, and an underwriter will review your documents to be sure that you meet them. While an underwriter reviews your file, an appraisal will be ordered on the home. Additional information may be requested, so don’t panic if you have to turn in more documents. That’s just the underwriter working hard to get your final approval.

6.	Close the Loan

With an approved loan, you are on the home-stretch towards closing. The lender will send closing documents to a title company that draws up paperwork and arranges for signing of documents. Once the documents have been signed and funding conditions have been met, the title is recorded and the process is complete. You are a proud owner of your new home, and the keys are yours!

*Tips for Success

It is extremely important that you don’t make any major life changes immediately before or during the loan process.
Don’t quit your job, change jobs, or become self employed.
Don’t make any large purchases like a vehicle or furniture.
Don’t co-sign on any loans for someone else.
Don’t spend money that you have set assigned for down payment or closing costs.
Don’t make any changes to your credit like opening new cards, spending on cards, or even closing accounts without guidance from a professional.
Don’t panic! The loan process can seem daunting, particularly if it is your first time. We will help you understand what is needed and to get you to the finish line.

APM NMLS Consumer Access Link: https://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1850

All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.

808 134th St SW, Suite B205, Everett WA, 98204 | NMLS: 1062505
Equal Housing Opportunity

Investment Property Loans & Mortgages