Sonoma Federal Credit Union is your home for
investment property lending!
Investment property and rental property can be a good
way to boost your income, as well as increase your
assets.
Maximize your cash flow
If you own investment property, you know how important
cash flow is. A lower mortgage rate could mean greater
net earnings on your investment property. Lowering
your monthly mortgage payments means more money in
your pocket.
Get Great Rates!
Our products are competitive. Great rates on your
properties mean a good return for you, and a quicker
payback of that purchase.
Superior Service
Our staff is superlative! If you have ever been
through a closing where the bank, title companies, and
other participants did not communicate well, you know
what a trying time that can be. Sonoma Federal works
closely with all parties to head up and guide the
closing.
You have options for greater flexibility.
If you’re worried that you have limited options, think
again!
We offer competitive rates and lower fees for a
variety of mortgage loans including 10 year, 15 year
& 30 year fixed rate options The property must
have 20% (1 unit) and 25% (2-4 units) equity or
greater to qualify for these loans.
Or maybe a 3/1, 5/1 or 7/1 adjustable rate loan would
be a better choice for you. The rate is fixed for 3,
5, or 7 years. After this term, the loan converts to
a 1 year adjustable rate loan indexed to the CMT 1
year treasury. The repayment term is still based on
30 years. You pick the option that works best for
you. The property must have 25% equity or greater to
qualify for these loans.
General Guidelines
- Loans can be for a single family residence
investment property
- Loans can be for a one to four family investment
property
- Borrowers must be individuals (No businesses or
corporations)
- Term is 30 years for both fixed or variable
programs
- Maximum loan amount $417,000
- Maximum 1 unit loan to value (LTV) = 80%
(refinances and purchases)
- Maximum 2-4 unit loan to value (LTV) = 75%
(refinances and purchases)
So what are you waiting for? There’s never been a
better time to get a home loan. Apply with us
today!
Contact
our Mortgage Center for rates, fees &
terms,
at 707-527-6216 or email:
loancenter@sonomafed.com.
APPLY
for your home loan now. |
