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Mortgage Loan Programs for Vacation and Investment Homes in Alabama

Whether you are looking for an Alabama investment property or a vacation home reach out to us to get prequalified.

Alabama Investment Property Loans

Ready to reach financial independence through real estate? Whether you are looking for an Alabama investment property or an Alabama vacation home to spend relaxing days, North Central Mortgage can bring the same level of personalized attention and service to all of your real estate purchases.

Your dream Alabama home might be within reach! North Central Mortgage can help with investment property loans. Our prequalification process will ensure that you are ready to buy and we can help you find a real estate agent to meet your needs.

Mortgage Loan Programs for Vacation and Investment Properties in Alabama

30-Year Loan

Take advantage of low rates by locking into a low payment with a traditional 30-year loan.

You may be able to qualify for owner-occupied financing with lower interest rates, based on your use of the home. Talk to a loan specialist to find out what programs offer the best terms for your situation.

15-Year Loan

Get the same security of a 30-year fixed rate mortgage, but pay your mortgage off in half the time. This means paying less in interest and owning your home sooner! This translates to greater monthly income from your investment.

Debt-Service Coverage Ratio (DSCR)

DSCR loans allow an investor to purchase or refinance their investment properties without having to use traditional documentation for income. During underwriting, an independent third-party appraiser is contacted to perform an inspection of the subject property and provide a fair market rental analysis which is used to determine the property’s cash flow.

Get Pre-Qualified

Great investment properties are out there but are often purchased by buyers “in the know” quickly. Increase your bargaining power by getting pre-qualified with us today.

Get started today!

Fill out the questionnaire on this page to start a discussion about your mortgage needs today!

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