If you’re looking to invest in real estate property in Springfield, MO, USA Mortgage can help. We offer a range of investment property programs that best fit your needs and goals. Whether you’re looking to buy a property to flip or rent out, we can help you find the right mortgage solution. Our investment property programs offer competitive rates and terms, so you can get the most out of your investment. We also offer a variety of tools and resources to help you succeed with your investment property. USA Mortgage would be happy to help you find the perfect investment property loan program for your needs.
Springfield, MO Investment Property Programs
What are Investment Property Loans?
An investment property loan program is a mortgage specifically for buying an investment property. Investment property loans typically have higher interest rates, bigger down payments, and different approval requirements than conventional mortgages. But just because they’re different doesn’t mean they’re unattainable. With USA Mortgage, you can buy a one-to-four unit residential home in Springfield to generate income. Once you have that loan in hand, you’ll be on your way to becoming a successful real estate investor.
To be eligible for an investment property loan program, borrowers must generally have a good credit history and a steady income. They must also have a down payment of at 15%-20% of the purchase price of the property. Those with higher credit scores can expect a down payment of 15% for a one-unit property or 25% for a multi-family unit.
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USA Mortgage Mortgage Loan Originators can help you get started investing in property and making extra money. Our experts will find the best program for your needs and guide you through the entire process. You could be making money on your investment in no time at all!