Rental properties can be an attractive investment. Power Financial Credit Union is here to help make your venture as profitable as possible.
Finance up to 75% market value property
Take advantage of repayment terms ranging up to 30 years
Funds available for one- to four-unit dwellings
All closing costs may be incorporated into loan**
No private mortgage insurance (PMI) required
Intangible tax fee waived for credit union members
Whether you're considering a beachfront home or a 1-4 unit building in the city, our portfolio loans eliminate mortgage insurance requirements and offer other financial advantages.
Term | Max LTV | Rate | APR |
---|---|---|---|
3 yr./6 mo. ARM¹ | 75% | 6.500% | Call for rate |
5 yr./6 mo. ARM¹ | 75% | 6.750% | Call for rate |
5 yr./5 yr. ARM¹ | 75% | 7.000% | Call for rate |
10 yr. Fixed | 75% | 6.750% | Call for rate |
15 yr. Fixed | 75% | 6.750% | Call for rate |
20 yr. Fixed | 75% | 6.875% | Call for rate |
30 yr. Fixed | 75% | 7.000% | Call for rate |
– P.T. Savage
Adjustable-Rate Mortgage
Fixed-Rate Mortgage
1Eligibility for the lowest adjustable rate is based on loan to value (LTV), credit worthiness, ability to repay, credit score, and term of loan. Rates are subject to change at any time. Other conditions may apply. This annual rate of interest example takes into account a 30% down payment for a Residential Investment Property Loan with a 3 yr./6 mo. Adjustable Rate Mortgage of $350,000 at 30 years at 5.750%, you would make 36 fixed payments of $2,042.50 at 5.827% APR. After that, the fully indexed rate of 5.750% will apply to the remaining 324 payments and may vary every six months. Payment amount does not include taxes and insurance. Actual payment amount will be greater.
Rates and offers are subject to change without notice.
**Eligibility for lowest rate is based on credit score, ability to repay, property value and term of loan. APR may be higher due to loan costs. Rates & terms are subject to change without notice. Max 75% Loan-To-Value (LTV). Closing costs can be added to principal balance financed. Applicable for mortgage refinances only. Maximum loan amount $510,400. Other conditions and qualifications apply.