Real Estate Investment Property Loans
Residential Rental Property Mortgages through MECU: The smart way to invest in rental real estate
With today's favorable real estate market, people are increasingly investing in real estate by purchasing a few rental units that they can manage on their own. Let MECU help you finance purchases or refinances of rental properties through our Member Business Services Department.
| Program Basics |
| Available throughout MECU's geographic lending range (MD, PA, DE, DC, VA) |
| 1-4 unit residential properties are eligible |
| Minimum $50,000 loan amount |
| Members may borrow up to Fannie Mae's conforming loan limit (currently $417,000 for a one-unit property) |
| Terms up to 30 years |
| Qualified members may borrow up to 80% of value or purchase price |
| Fixed and adjustable rates available |
| Unlike many other lenders, no points are charged, so closing costs are similar to those for owned-occupied properties |
| Loan must meet Fannie Mae guidelines |
