If you’re a real estate investor looking for long-term, low down payment options, we can help. With Gateway Mortgage Group’s new Investor Advantage loan, you now have the option to finance your next investment property with zero down* – allowing you to save money and invest more.
How it works:
- Identify your property, proposed contractor, and firm budget
- Once identified, you will receive a short-term zero down, fixed rate loan that allows you to acquire and improve the property
- Upon completion of the repairs and improvements, the property is refinanced to a 30-year fixed rate conventional investment loan
*Borrower must invest sufficient cash equity to fund construction so that the as-completed loan-to-value is no greater than 75% maximum. If this condition is met, a downpayment is not required.
Features and Benefits
- Finance up to 75% of the property’s future value for purchase, renovations & repairs and closing costs
- Flexible renovations projects allowed (incl. structural, cosmetic and mechanical)
- No Mortgage Insurance to allow for maximum ROI on rental income
- Fixed standard conforming rate options: Terms range from 10-30 years
- Single Family home including duplex
- Borrower must have 1 existing investment property