Options for refinancing investment property.
At eLEND, we offer a number of programs that may be used for refinancing investment property. Mortgages are generally available for single-family homes, condos and two- to four-unit multi-family properties. Our programs include:
- Conventional fixed rate mortgages that offer consistent payments and enable you to manage your investment property cash flow more easily.
- Adjustable rate mortgages that provide short-term savings and may allow you to afford a larger purchase price on investment property.
- Jumbo loans that provide financing options for high-value properties.
Eligibility requirements for refinancing investment property are generally higher than for refinancing a primary residence. Qualification requirements may include a higher credit score, a larger down payment, and a greater amount of reserves that can be used to cover the mortgage and other expenses in the event the property goes unrented.
eLEND also offers products that can be used to refinance a manufactured home and for refinancing mobile homes.