Generate Income with Your Own investment Property
Investing in real estate can help you make more money – whether you're looking for a passive stream of income or managing a larger operation. Get started with an investment property loan from Summit and you'll be ready to purchase:
- A consumer investment or property that holds 1-4 families
- Any other property or land you're aiming to earn a return on
Investment Property Loans
Getting the most out of your investment begins with having a loan partner that'll give you more. With Summit, you get:
- Affordable rates
- Access to larger loan amounts
- Local services for the life of the loan
Your investment loan options include:
- Fixed-rate mortgages with terms from 10 to 30 years
- Adjustable-rate mortgages (ARM) with initial rate locks from 1 to 10 years
Important Considerations
- As with any other mortgage loan, what you can borrow depends on your credit, income, assets and liability - the income you may generate with the property won't factor into the loan
- Larger properties, like multi-unit apartment buildings, will likely require a higher down payment
- Your income will depend on the type of property you're getting and any related expenses (e.g., maintenance costs on a rental unit could slow the return on investment)
Let's get started
If you're looking for a loan on a consumer investment property, our Mortgage Loan Officers can help you find your best option. For other investment loan needs, connect with a Business Development Officer to learn more.
Figure out your monthly payment and amortization schedule.
Compare 15- and 30-year terms.
See how your income, debt and different interest rates affect how much you may be able to borrow.
COMPARE A BI-WEEKLY MORTGAGE TO A MONTHLY MORTGAGE
Are you better off making 26 payments each year?
How much money the sale of your home will yield?
