An investment property is an ideal way to supplement your income, and your not-for-profit member-owned credit union can help you get affordable financing. While each loan situation for investment properties is unique, Stanford FCU’s Mortgage Consultants can help you with any questions and explain all of your financing options.
|Investment Rental Loan||Interest Rate||APR||Points||Monthly Payments||Loan Term [Months]|
|30/15 Year Fixed Balloon Jumbo||3.375%||3.448%||3||$4,310||180|
|30 Year Fixed Conforming||3.625%||3.871%||2.375||$2,052||360|
|15 Year Fixed Conforming||3.125%||3.449%||1.625||$3,135||180|
|30/15 Year Fixed Balloon Conforming||3.250%||3.618%||3||$1,958||180|
Note: Conforming loan amounts in most locations is $484,350. All loan amounts higher than Conforming are considered Jumbo loans.
Rates effective 11/15/2019. The examples shown here are based on a non-owner-occupied single-family detached house located in the state of California. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income. All loans and terms are subject to credit approval and membership eligibility. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those shown.
Fixed Rate Loan payment examples: Jumbo monthly payments are based on a purchase price of $1,300,000, 25% down payment, FICO® score of 750 or greater and loan amount of $975,000. Conforming monthly payments are based on a purchase price of $600,000, 25% down payment, FICO® score of 750 or greater and loan amount of $450,000. Monthly payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. The 30/15 Year loans are amortized like a 30-year mortgage with a fixed rate, but at the end of 15 years the remaining balance (aka the balloon) must be paid in full.