FAQs (data-driven)

Investment Property Mortgages

• 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!