Jose Diaz - Loan Officer
Investment Loans

Thinking of increasing your property portfolio as Real Estate Investor in 2022? Here you can find my best advises and Tips for you, in special for First-Time Home Investor.

For Investors who are just taking their first steps, my personal recommendations are:

  1. Conventional Loans for investment properties, minimum downpayment 15%*, interest rate 30 years fixed.
  2. NO Income Verification Loans, minimum downpayment 20%* interest rate 30 years fixed.
  3. Foreigner National Loan, minimum downpayment 20%* interest rate 30 years fixed.

(*) Note: Condominium type properties, with HOA Associations, the minimum downpayment is 30%.

For Investors with more experience my recommendations are:

  1. Hard Money Loans for Fix & Flip, minimum downpayment 10-20%, 1-2 year terms.
  2. ARM Loans with fixed periods of 3, 5, 7 or 10 years, depending on Investor needs.
  3. Commercial Loans, minimum downpayment 30%.

Find out the best Real Estate investment opportunities in your area!

What documents does an Investor need to get the Pre-Approval Letter?
  1. Identification Document (ID, Driver License, Passport).
  2. 2 months of Bank Statements of an account in the United States.
Can I put less than 20% down on an investment property?

Yes, through Conventional programs the minimum downpayment is 15%. For experienced Investors, if the property has sufficient Equity, can be approved up to a 10% minimum downpayment.

What are the advantages of using an investment loan?

The main advantage is the economic one, which can generate that investment in a period of 3 months, or 1 year, or 5 years. The second advantage is that little documentation is needed to get approved for a Principal Residence loan.

What are investor interest rates today?

Current interest rates for estimated investment properties is 6.5% fixed term to 30 years.

Get Pre-Approval Today!

As a Mortgage Loan Officer, I can advise you throughout the entire process of buying your property. If you are thinking of refinancing your property in Miami, Florida, send me a message in the box below or click here, and I will be ready to provide you with a totally free Financial Advice.

Continue reading...

Get Pre-Approved by Yourself

Get Pre-Approved by Yourself!

Are you looking to get pre-approved by yourself? Here you are in the correct place, your Home Loans in just 1-Click. Please follow the instructions

Contact me