Investment Property Financing
Financing that works as hard as you do – Elevate your investment strategy to the next level
What is Investment Property Financing?
If you’re considering purchasing an investment home (or condo), we’d love the opportunity to review your financing options with you. Whether you’re purchasing an investment property for the first time, or if you’re a seasoned investor, we are committed to working with you to determine the best loan product that caters to your financial goals and needs.
Conventional Loan Requirements
Minimum 620 Credit Score
The Parent Team requires a minimum credit score of 620 for Conventional Loans
3% Down Payment
Conventional loans require a down payment of at least 3%.
Debt-To-Income Ratio ≤ 50%
You will need a Debt-To-Income ratio of no more than 50%
2% - 6% in Closing Costs
You'll need 2 - 6% of the total purchase price to cover closing costs.
Benefits
Low Down Payment
You can move into your new home with a down payment as low as 3%.
Lower Monthly Payments
Monthly payments will be lower since they will be spread out over a longer period.
Fixed Interest Rates
Your interest rate will remain fixed for the entire life of the loan.
No Prepayment Penalties
There won't be any prepayment penalties if you're looking to pay off your mortgage early.
Have More Questions?
No Question Is Too Small -
Reach out to Derek today for expert guidance
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"We are loyal to Derek Parent and his team"
Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.
— highrisecondoinvestor from Las Vegas, NV 89109