Looking to build long-term wealth through real estate or purchase a vacation home where you can spend time relaxing? The right mortgage can help make your next property purchase possible.
Investment property loans provide financing for buyers interested in purchasing rental homes, vacation properties, or expanding an existing real estate portfolio.
Our mortgage specialists provide personalized attention throughout the financing process. We can help you get pre-qualified, compare loan programs, and find a financing option that fits your needs and budget.
Several mortgage options are available for qualified buyers purchasing investment and vacation homes.
30-Year Fixed Rate Mortgage: Lock in a consistent interest rate with predictable monthly principal and interest payments. A longer repayment term generally means lower monthly payments, which can help you manage expenses on a rental property.
15-Year Fixed Rate Mortgage: Pay off your property in half the time compared to a 30-year mortgage. Monthly payments are typically higher, but you’ll generally pay less interest over the life of the loan and build equity faster.
Vacation Home Financing: If you’re purchasing a second home for personal use, you may qualify for different loan terms than those available for investment properties. Requirements depend on how you plan to use the home.
Investment property mortgages typically have different requirements than loans for primary residences.
Lenders review your credit, income, existing debts, and available assets. Investment property loans may require larger down payments, higher interest rates, and additional cash reserves.
Depending on the loan program, qualifying rental income may also be considered during the approval process.
Getting pre-qualified before beginning your property search can help you understand your budget and prepare to make an offer when you find the right property.
Looking to purchase a vacation home or investment property with a loan in Corona, CA? Our mortgage specialists can help you get pre-qualified, compare financing options, and understand the requirements.
Contact Direct Home Lending today to discuss your next real estate purchase and get answers to your mortgage questions.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with low interest rates and closing costs. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Company NMLS: 274058
PIC CAPITAL INC. dba Direct Home Lending
Direct Home Lending supports
Equal Housing Opportunity