Investment Property Financing

Texas Mortgage Line specializes in mortgage financing of non-owner occupied residential investment properties!

Residential rental property:

• Inventory is up due to current foreclosure increase
• Inventory up means purchase prices are down
• Stable value in Texas
• Rental market is up due to current increase in foreclosure
• Relatively strong economic and job market in Houston, Dallas, and Austin

Financing for 1-2 units:

• Conventional financing only. Excellent rates offered by Texas Mortgageline.
• 20% down for conventional conforming rate. As of this time mortgage insurance is not available for investment properties, and requires the 20% downpayment.
• Automated approval for conforming rates.
• 20% downpayment will assure a positive cashflow on the investment property.

We specialize in mortgage financing for Texas non-owner, foreclosures, and HUD foreclosures. Please call for consultation on financing in Texas and realtor referral for property search.

Lee Penn. texasmortgageline.com 281-701-1655