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 , a year ago

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

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2 answers

by ronaldo_von , 8 months 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.

by ethelyn_hansen , 6 months ago

@jalen 

Additionally, some lenders may have specific requirements or restrictions for investment properties, so it is important to communicate your intentions with the lender upfront. Working with a real estate agent who specializes in investment properties and has experience with financing them can also be beneficial in navigating the process and finding the best mortgage options for your investment property in Oregon.