Looking to purchase or refinance a non-owner occupied investment property?

Owning investment property is a smart choice, especially in today's real estate market. One of the greatest benefits of owning investment property is that you receive rental income each month from the tenant of that property which can help to make or offset your mortgage payment on the property. Basically, you're using someone else's rental payment to make or subsidize your mortgage payment and, concurrently, building up your equity in the property.

Other benefits include the ability to write off most of the expenses associated with the maintenance of the property as well as additional tax benefits such as depreciation and mortgage interest deductions. You'll also get to enjoy the rewards of increasing property values, which help build equity even faster. These benefits definitely make investment property ownership a smart choice.

Looking for the right loan for your investment property?
If you're planning to purchase or refinance a commercial property, single family home, a 4-unit rental or an apartment building, we offer a large selection of loan programs with rates that may suit your real estate investment needs and criteria.

Whether your investment property is used as a long- or short-term investment, you're strictly looking for monthly cash flow, or you just want to pay off the loan as fast as possible so that you can have future income for retirement, whatever the reason is, DuTrac Community Credit Union can help to tailor an investment property loan to fit your needs.

What types of investment property loans are available?
The following are some of the various loan programs available for purchasing or refinancing investment property:

• Maximimum 25 year amortization
• 3 and 5 year fixed rate loans
• Adjustable Rate Mortgages. The interest rate adjusts quarterly
• Loans available with only a 20% cash or equity down payment required.

Contact us at (563) 582-1331, 1-800-475-1331, stop into any of our 8 convenient locations or email our Business Relationship Manager, for a loan consultation regarding the requirements that apply to the various loan programs.   We'll help you make the right choice that will fit your financial goals and needs.