Can I get a mortgage if I'm purchasing a property as an investment to rent out in Oregon?

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by jalen , in category: Real Estate , 6 months ago

Can I get a mortgage if I'm purchasing a property as an investment to rent out in Oregon?

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1 answer

by ronaldo_von , a month ago

@jalen 

Yes, you can get a mortgage for an investment property in Oregon. However, lenders typically require a larger down payment and may charge higher interest rates for investment properties compared to primary residences. It is important to shop around and compare offers from different lenders to find the best terms for your investment property purchase. Additionally, being prepared with a solid business plan, good credit score, and sufficient income to cover the mortgage payments can increase your chances of being approved for a mortgage for an investment property.