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 Conforming Loan amounts up to $766,550 | FHA Loan Limits are specific to each Florida County
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Investment Property Mortgages

Investment Property Mortgages

Thinking of buying an additional property for a new source of income? That would be considered an investment property. Investment properties tend to have the highest interest rates and down payment requirements of all property types. Reserve requirements also apply to investment properties.

What Are the Advantages of Conforming Investment Property Mortgages?

  • No prepayment penalty ever
  • 30yr, 25yr, 20yr, 15yr, or 10yr
  • Up to 43% debt to income ratio

What Are the Requirements?

  • Minimum credit score 700
  • Debt to income ratio under 43%
  • Minimum down payment of 15%
  • You plan on collecting rent from the property. If so, you may need to submit a lease agreement that confirms the property is occupied by a tenant.

TIP: Keep in mind that when buying an investment property, you may not be able to include your future rental income from the property in your mortgage application.

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