An investment property loan is a mortgage for the purchase of an income-producing property. That includes buying properties to generate rental income including:
Investment property loans are also available for shorter terms on properties you plan to repair and sell quickly (also known as house flipping). These are generally seen as more risky than a standard home mortgage, so the guidelines are more restrictive and can carry a higher interest rate.
If you're considering an investment property, speak with the experts at ENG Lending first! Our team of home loan specialists can help you through the buying process painlessly! We will create a plan based on your unique situation and finances by working with you one on one.