Mid South Home Buyers is pleased to offer a variety of financing options for both U.S. and international investors. For our American investors, we’re able to offer top notch mortgage brokers who specialize in investment property. For our international buyers, we have bank financing available with competitive rates.
(available to U.S. citizens only)
As of today, interest rates as posted on Bankrate.com are 3.21 percent. A typical investment loan will have an interest rate of approximately 1 percentage point higher than the daily posted rate.
Investment loans are available through our lenders with approved credit, terms as follows:
- 20% of purchase price down
- 30 year amortization
This financing is available to U.S. and non U.S. citizens and entities such as LLC’s. It is a non-recourse loan, so it may be used to finance purchases from self-directed IRA’s or Roth’s. There is no underwriting, and can be utilized by buyers for whom FHA loans are not an option.
- 40% down
- 7.9% interest rate
- 12 year amortization
- No loan minimum, available for any purchase price
Feel free to plug your specific numbers into our mortgage calculator at the top of our available properties section to calculate your exact cash flows and total monthly payment.
Below is a side by side comparison of these two different financing options, applied to the same example house. Neither rent increases nor vacancy are included in this comparison.
Example Property:2311 Alameda, TN 38108
Investor Price: $92,500