First trust deed loan -non-owner occupied properties

If you're considering investing in a rental property, this loan offers the ability to lock in a low rate and low payments for the first five years of the loan. Payments are kept low by amortizing your 12-year loan over 40 years. With no prepayment penalties, you can refinance your loan at any time.  This loan features:

• For purchase or refinance of 1 unit or 2-4 unit properties (non-owner occupied) 
  
  
• Fixed rate & fixed payments for first five years
  • Adjusts annually thereafter
    
    
• Limits on Rate Increases:  1% annually   5% lifetime
  
  
• 40-year Amortization (12-year term) for affordable payments

• No Prepayment Penalties

• No Application Fee

• No Negative Amortization

• Pre-qualification available
  
  
• Rate Index:  11th District Cost of funds