An Investment Property Loan in Oklahoma City is a unique 30-year Fixed or Adjustable-Rate loan available to investors. This loan can be used for 1-4 family units that the owner can rent out for income or buy to flip and resell. An investment property is not the borrower's primary residence.
Single-family homes
Multi-family homes – duplexes or triplexes
Condominiums and Townhomes
Mobile or Manufactured homes
Ability to Scale
Investors can use a cash-out refinance to convert the current property's equity to cash to acquire additional cash-flowing assets.
Increase Cash Flow
Borrowers can use buy-downs to put more money down at the time of purchase to lower the interest through the life of the loan, generating more cash flow each month.
Quick Execution
Investment property buyers can use HELOCs for quicker access to funds to cover down payments or to fix and flip properties for re-sale.
Maintain Flexibility
Investors can use prepayment to stay nimble as the market fluctuates to capitalize on refinance opportunities and take advantage of lower interest rates.
Ability to finance more than ten properties
Available for 1 to 4-family properties
For professionals as well as "mom & pop" investors
Debt Service Coverage & Bank Statement Programs available
Available to applicants with credit score as low as 620
Ability to purchase, refinance, or cash-out
You could increase your cash flow with an Investment Property Loan. To get prequalified or start the application process, contact an FLB Mortgage Lender
,
email
us for more information, or visit one of our branch locations in Oklahoma City, Oklahoma, Norman, Oklahoma, or Frisco, Texas today!
This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income and asset review and approval. Bank NMLS#1215182
Our online application makes it quick and easy to get started. We have experienced mortgage loan officers ready to help you make the best financial decisions for your unique situation.