Home Sweet Loans, Arizona Mortgage Broker
Mortgages For Investors
Besides helping people buy a home and consolidate debt, we love helping investors build wealth through real estate.
Real estate has proven over the long term to be one of the best and most stable investments. Looking at the history of home prices from 1941 to today, home values have increased 73 years, decreased 7 years, and stayed the same 1 year. That’s a tremendous winning record that is worth betting on if you are looking to grow your wealth over the long term.
Investment properties often require a 10-30% down payment. The loan process and guidelines for investment properties are many times simpler than qualifying for your primary property. In some states rental homes must be cleared by inspectors before tenants can move in. Be sure to consider all costs for acquiring the property as well as repairing and maintaining it.
We have every program imaginable to help you from Conventional, DSCR, Bank Statement, ITIN, and Private/Hard Money programs and more. Loans are available for these property types: single-family homes, duplexes, tri-plex, quad-plex, apartments, commercial buildings, and mixed-use buildings.
Owning an investment property requires a higher level of financial stability than primary homes, especially if you plan to rent the house to tenants. Most mortgage lenders require borrowers to have at least a 10-30% down payment for investment properties, which is usually significantly more than when you buy your primary residence. In addition to a higher down payment, investment property owners who move tenants in must also have their homes cleared by inspectors in many states.
All that being said, the loan process and guidelines for investment properties are many times simpler than qualifying for your primary property.
Make sure you have enough money to cover the initial home purchase costs (like your down payment, inspection and closing costs) and ongoing maintenance and repairs. As a landlord or rental property owner, you must complete essential maintenance promptly, which can mean expensive emergency plumbing and HVAC repairs. Some states allow tenants to withhold rent payments if landlords don’t fix broken home utilities on time.
Make sure you budget more money than you need for regular and emergency home repairs. Setting aside an account for these unforeseen expenses would be a best practice. Perhaps you are already an experienced investor, great! I have every program imaginable to help you from Conventional, DSCR, Bank Statement, ITIN, and Private/Hard Money programs and more.
Real estate has proven over the long term to be one of the best and most stable investments. Looking at the history of home prices from 1941 to today, home values have increased 73 years, decreased 7, and flat 1. That’s a tremendous winning record that is worth betting on if you are looking to grow your wealth over the long term. The concentration of losses was during the housing bubble or great recession period where there was wild speculation, not enough demand, and a glut of supply. Things that could not be more different in today’s market.
Perhaps you are already an experienced investor, great! I have every program imaginable to help you from Conventional, DSCR, Bank Statement, ITIN, and Private/Hard Money programs and more.
What types of properties are good for investing?
Single-family homes, duplexes, tri-plex, quad-plex, apartments, commercial buildings, and mixed-use buildings.
Conventional Loans
Conventional loans are offered by private lenders such as banks, credit unions, or mortgage companies.
Hard Money Loans
Also called "private money" from individuals or capital firms; these are generally short-term loans for gap funding.
Construction Loans
Used to build new homes from the foundation up. Develop raw land.
Renovation Loans
Update a home or rental to increase its value and make it more modern with a renovation loan.
HELOC
A Home Equity Line Of Credit is often used by investors for funding their investments.
Jumbo Loans
A Jumbo Loan or Mortgage is a loan for higher-priced homes. The threshold is determined by the FHFA in each county.
Interest Only Mortgages
The monthly payment does not include the principal for a certain period of time.
(Refinancing)
More information coming soon.
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