Vacation or Investment Property Financing Available


No matter how you like to kick back, let Colonial work with you to achieve your vacation or investment property financing.There’s truly no place like home, unless you are on the perfect vacation. Throughout the year, many of us can’t help but daydream about taking a break from the daily grind and enjoying a weekend getaway or visiting our favorite vacation spot. Maybe your ideal spot is a lakeside cabin just a few hours from home where you can bring your tackle box and relax by the water. Or, maybe you prefer a trendy condo in a hot vacation spot where you can enjoy the local nightlife. No matter how you like to kick back, let Colonial work with you to achieve your vacation or investment property financing.

Vacation Property Financing from Colonial

Staying in a hotel can be nice, but the ability to avoid the hassle of booking a room and hoping for the lowest price is even better. Plus, many vacation properties are gaining equity along with the rest of the U.S. housing market, so your second home may prove itself a sound investment. Let Colonial’s team of mortgage professionals work with you when financing your vacation home. Below are a few of the specifics:

  • One unit financed up to 90% LTV.
  • 15 to 30-year fixed rate available
  • No pre-payment penalties
  • Must meet reserve requirements

Investment Property Financing Available

If you’re looking to purchase a property as an investment, Colonial also offers great options for investment property financing. Many homeowners may decide to buy a second home and rent out their current living space, or simply purchase a second home while their child is attending college. Colonial’s skilled team members can help you with your investment property financing. Below are a few of the specifics:

  • Single family residence up to 85% LTV
  • Two to four units up to 75% LTV
  • 15 to 30-year fixed rate available
  • No Pre-Payment Penalties
  • Must Meet Reserve Requirements

If you’re looking to purchase the perfect spot for you or your family to relax, or property to add to your investment strategy, Colonial is here to help. Have you previously worked with one of our talented professionals? Find your loan officer from our list, here. Or, you can give us a call at 817.390.2000. Feel free to find out more information about vacation and investment property loans on the home loan section of our website today!

 

Related Article: Kiddie Condos: Purchasing a Second Home for Your College Student.

 

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