Investment property loans made easy

August 6, 2021
by Chris Teague
Sept. 20, 2020
Last updated: April 13, 2023

The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

What’s better than achieving the dream of home ownership? Taking advantage of a hot housing market and using Quontic’s flexible home loans to make your second home ownership or investment property dreams a reality.

So you’re a homeowner who’s settled in your primary residence – Now what? Whether you’re a low-income borrower, moderate-income borrower, or even someone who is unsure of your eligibility for another real estate endeavor — don’t sit on the sidelines! You can take advantage of the hot housing market, too.

Have you ever considered a second home or investment property? Here’s why you can and should.

Perhaps, you want a vacation home, need a commuter home, wish to buy a home for a family member, or simply want to invest in real estate by buying a second home or income producing property. Whatever the reason, expanding your real estate portfolio can be a great way to generate additional income each month.

The benefits of owning an investment property don’t stop there. Owning a rental property oftentimes provides the opportunity to earn a high return on investment (ROI), and could even provide significant passive income for your retirement. If you don’t yet own a second home or investment property, purchasing one will also diversify your assets.

One pressing reason to buy now is to take advantage of the hot housing market, leverage low interest rates, and watch the value of your asset rise with the price of homes.

Lastly, owning a rental property allows you to qualify for various tax deductions like

  • Interest
  • Depreciation
  • Repairs
  • Home office
  • Insurance

Next, let’s talk about the difference between a second home and an investment property when it comes to loan requirements.

Requirements for mortgage loans for investment properties and second homes are generally more stringent than those for primary home loans. That’s because there is a greater perceived risk on investment properties. But don’t let investment property loan requirements scare you off!

A Community Development Loan from a CDFI like Quontic can help you make the complicated process of purchasing an investment property or second home easy. Our investment mortgage solutions allow for the flexibility borrowers need, along with the personal attention and respect you deserve. That’s because we can process investment property loans quickly and easily through our Community Development Loan (CDL) program. These mortgages require minimal or no income documentation to qualify. Instead, we look at the prospective cash flow of the property and your good credit to make our lending decision. If the market rent covers the monthly nut, the property is eligible for our CDL loan; these mortgages are a great resource for real estate investors with complex income who deserve a simplified underwriting process.

For example, if you’re a recently self-employed business owner without a full year of income statements, it might be nearly impossible to provide proof of income. But Quontic’s Community Development Loans are made just for you. It’s the perfect loan program for real estate investors with complex income who deserve a simplified underwriting process.

Are you interested in learning more? Head to our website to get pre-qualified in minutes!

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