Conventional financing is available for one to four family
non-owner-occupied properties. Loans available for purchase up to 90% of purchase price or
appraised value, whichever is less. Loans are available for Cash Out Refinance to pay off debt up
to 80% of appraised value. Interest rates are slightly higher for non-owner-occupied
properties. Two-to-four family properties are NOT considered income properties for
financing purposes if the owner occupies one of the units. Commercial properties or
properties exceeding four rental units are not eligible for financing through First
Equity. FHA and VA loans not available for income property.
Call (800) 557-0270 for details.
