Investor Loans

 Investment property loans are used for the purchase of second homes and investment properties, including one- to four-unit residential properties and vacation properties. U.S. Bank offers a variety of investment property loans to suit nearly every need. As an option, if you currently own a home you may be able to use your current home equity to finance buying additional property. To learn more about real estate investment loans and current investment property loan rates, contact a mortgage loan officer. 

Generally, the higher your credit score, the better your chances of qualifying with the best possible rate. You can strengthen your ability to qualify by taking steps to build and maintain a solid credit history and score prior to applying for a loan. 

An investment property down payment is typically higher than that of a primary residence. A down payment of 20% or more does have advantages though. When you put more money down, you're taking some of the risk away from the lender – proof that you’re invested in the purchase and a sign that you’re committed to making all your mortgage payments. In return, the lender may offer you a lower mortgage interest rate.

You should have assets readily available to cover six to 12 months of mortgage payments. The amount of reserves necessary can vary by loan type but may be a bit stricter for investment property loans since they represent an added risk to the lender. Cash reserves show the lender that you’ll have the ability to keep up with your mortgage payments, even if something happens to your regular paycheck.