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Second Home and Investment Property Loans

If you are financing a piece of property that you don't intend to live in, then it falls into one of these two categories. If it's a beach home or mountain home that will be a weekend residence, then it will be called a second home. If it's a place that you intend to rent out, or that you're buying for that relative with terrible credit, it's an investment property (note an investment property doesn't have to be just a house held for investment income). If it falls into the second home category, then typically your interest rate will be the same as on an owner-occupied residence. However, if it's an investment property, your rate will be somewhat higher.

We at ALIANT Mortgage have extensive experience in the financing of second homes and investment properties. We finance chalets in Colorado, mountain homes in North Carolina, beach properties in Florida and Alabama, small 2 bedroom rental houses, lake properties of all shapes and sizes . . . and the list goes on.

If you are getting ready to buy a second home or an investment property, contact our mortgage specialists to find out to take advantage of our experience in financing second homes and investment properties.