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Non Owner Occupied Mortgage Financing

A purchase or refinance mortgage for a non owner occupied property, also referred to as an investment property, is in many ways the same as a home loan for a house the owner will live in as his or her primary residence. The mortgage applicant must qualify for the loan based on several factors such as income, credit history, assets, and other debts. Because non owner occupied loans are more risky for the bank or mortgage lender the requirements are typically more strict. In order to meet the guidelines of the loan program greater equity in the property, a higher credit score, and more money in savings may be needed, when compared to a similar loan amount for an owner occupied home.

AFR's Non Owner Occupied Mortgage Rates

At American Financial Resources we have extensive experience working with real estate investors. We pride ourselves on offering some of the lowest non owner occupied mortgage rates available, helping your money work even more effectively for you. Our home loan experts know the questions to ask, and the documentation to request up front, avoiding costly and frustrating delays down the road.

To learn more or to get started on an application simply call 800-316-9508.

Additional Resources For Real Estate Investors:

• Rental Property Loans
• 5 Things That Affect Your Credit
• Costs Associated With A Mortgage Loan