Current Loan Rates for Investment PropertyActual interest rates on loans for investment property
Interest on loans - Tower Federal Credit Union
Prices are changeable at any time. Tariffs and points below do not take into account possible adaptations resulting from an assessment of the following points: Member Creditworthiness, Loan-to-Value, Combined Loan-to-Value, Subordinated Finance, occupancy, Estimate, Down Deposit, Property Types, Property Use and Loan Objective; therefore rates and points may vary for individual persons.
If you would like more information about interest rates or extra product or to request a loan, please contact a loan officer at 301-497-7000 or 866-56-TOWER. Multipolate the paypoint by every thousand dollar lent for the month's payout. Information on the first interest rates on mortgages: Up to $453,100 in loans and LTV's from 97.01% to 100%.
From $453,101 to $625,500 for credit and 90.01% to 100% for LTV's. For a 30-year interest period, low down payments are only available with LTV's of 95.01% - 97%. Second/holiday home loan are available for most types of product. Home Mobile/Manufactured Home loans are available at flat rates only.
Loan facilities are available for loan sizes from $453,101 to $850,000. Real estate investment property housing loan are available only at firm interest rates, with the exception of the 10-year maturity, the following being added to the interest rate: The annual percentage of charge on compliant borrowings is calculated on the basis of a loan amount of USD 453,100 and USD 1,660 in other charges.
The annual percentage rate of charge on non-compliant borrowings is calculated on the basis of a loan amount of USD 850,000 and USD 1,760 in other charges. Prices are changeable at any time. Multipolate the paypoint by every thousand dollar lent for the month's payout. Minimal Home Equity Line of Credit payments per month are calculated on the basis of the amount due.
Combination credit/line balances backed by the property in question may not exeed USD 1.0 million.
Salt Lake City Investment Properties, Utah
Interested in purchasing a second home or some investment property? Your current home can also be used to fund other real estate. Please take a close look at our advantages in the allocation of investment properties: Obtaining an investment property loan in Utah works a little differently than with a traditional mortgage. What's more, it's a little easier to get an investment property loan in Utah.
Thoroughly do your housework before you buy an investment property. Investment in Salt Lake City is like any other investment: you have to evaluate both the benefit and the risk. When property investment is part of your long-term planning, consider all aspects carefully. Among these are the nature of the property to be invested, the duration of the investment (short or long term) and the return on investment in the long and long run.
Submit your application for an investment loan today. To learn more about our credit programmes, please consult one of our credit specialists.