What is an investment property loan?

An investment property loan is a mortgage used to finance a property that is not the borrower’s primary residence. The intended use of an investment property is to generate additional income or equity.

What properties qualify for an Investment Property?

Qualifying properties include single-family homes, multi-family homes, condominiums, and townhomes.

Will a down payment be required for an investment property mortgage?

Yes. A larger down payment may be required for investment properties. Each loan type may offer differing benefits and requirements.

Are interest rates higher for investment properties?

Interest rates may be higher for investment properties due to higher risk and variability. Eligibility and credit history will impact interest rates as well.

Are vacation homes considered investment properties?

Second home properties have differing requirements from investment properties according to the mortgage guidelines. Exclusions may apply. For additional questions for financing your dream vacation home, reach out to us at 801-786-8400 or visit a branch near you!

Investment Property Loans

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Looking to grow your wealth through real estate?

Investment property loans are there to help those who want to buy short term or long term rental or vacation properties.

Benefits of USU Credit Union Investment Property Loans:

Up to 90% financing
Amortized over 30 years
1% origination fee
2/1 buydown option

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Email us

mortgagecc@gwcu.org

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Call us directly

801-786-8400

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801-786-8400

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Which Investment Property Loan is right for you?

With different investment property loan options, choosing the right one can help you secure financing for short and long term rental properties at competitive rates, low fees and a variety of terms.

Conventional Investment Property Loan

Up to 85% financing with PMI
Up to 80% financing with no PMI
Cash-out refinances up to 75% LTV
Fixed-rate terms for 15, 20 and 30 years

7/1 ARM Investment Property

10% down payment for purchases
No PMI
Cash-out refinances up to 90% LTV
Amortized over 30 years

Ready to Get Started?

Connect with one of our Mortgage Loan Officers to discuss your vision and explore your financing options.

Apply Now

Frequently Asked Questions

What is an investment property loan?

An investment property loan is a mortgage used to finance a property that is not the borrower’s primary residence. The intended use of an investment property is to generate additional income or equity.
What properties qualify for an Investment Property?

Qualifying properties include single-family homes, multi-family homes, condominiums, and townhomes.
Will a down payment be required for an investment property mortgage?

Yes. A larger down payment may be required for investment properties. Each loan type may offer differing benefits and requirements.
Are interest rates higher for investment properties?

Interest rates may be higher for investment properties due to higher risk and variability. Eligibility and credit history will impact interest rates as well.
Are vacation homes considered investment properties?

Second home properties have differing requirements from investment properties according to the mortgage guidelines. Exclusions may apply. For additional questions for financing your dream vacation home, reach out to us at 801-786-8400 or visit a branch near you!