Investment Property Financing
Real Estate Investment Loans for the Individual Buyer
First Castle FCU offers investment property loans for individuals investing in real estate, and second homes, including one- to four-unit residential properties and vacation properties.
- Finance up to 80% on investment properties
- No origination points
- No mortgage insurance (no PMI)
- Fixed rate financing
- Local servicing
Non-Owner Occupied & Multi Family Property Loans
Real estate investors have different goals for the properties they buy, and at First Castle we recognize that different financing options are needed for those different goals.
– We work with several individuals who buy a house or a double or a fourplex to rent out.
Second Home Owners
– There are many investors who want to buy a second home here in Louisiana, either as a vacation spot or maybe for a child at college. The second home will be used by the owner some of the time and rented out some of the time.
+Townhouse or Condo with land attached
+Duplexes or fourplexes with land attached
Because every loan for investment property is unique, we can help you with any questions and go over all of your mortgage options.
Some types of properties may not be available for an investment mortgage: time-shares, co-ops, some manufactured homes, and bed and breakfasts. If you want to finance one of these types of properties, be sure to give us a call at (985) 867-8867, so we can talk about alternatives.
We are a Direct Lender, and That Makes a Difference
First Castle is local based right here in Covington, LA; we know our local market well, and we’re in the business of helping our Louisiana community prosper.
We developed our investment property loan products because we want you to have the financing options you need as a property investor. We have the financing you need, and as a direct lender, we have control over the decision making which makes for a faster approval process.
If you are interested in an investment property, give us a call today at (985) 867-8867 to talk about your investment mortgage options.