The HomeAdvantage Home Buying Center Simplify your home buying and selling process from start to finish with the HomeAdvantage Home Buying Center. Zero Checking Launch FCU keeps banking simple. No minimum balance, and no monthly service fee on Classic Checking. Open your Launch FCU account with just a $5 deposit. Low Loan Rates We believe in making financing affordable. Check out our current loan rates. Low Loan Rates We believe in making financing affordable. Check out our current loan rates. App Store Download on the App Store Google Play Download on Google Play. Telephone Call us at 321-455-9400. Contact Contact us today.
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Real Estate Investment Loan

Real Estate Investment

Are you thinking of purchasing a home for investment purposes? Whether you are looking to renovate a home and sell it for profit, use a property for a source of rental income, or you are already a real estate investor looking to refinance your investment, Launch can help you!

What is an Owner-Occupied Home?

An owner-occupied property is the primary residence in which you live. This could also be a second home such as a vacation home or a property with up to four units in which case the owner resides in one of the units. The occupancy status is determined at the time you apply for a mortgage.  For example, if you intend to live in the property after your loan closes, then the mortgage is classified as owner occupied.

For more information on owner-occupied home loans, CLICK HERE

What is a Non-Owner-Occupied Home?

A non-owner-occupied home is an investment property that you don’t intend to live in as your primary residence. Investment properties such as a property with up to four units that you buy to generate rental income are considered non-owner-occupied properties. If you intend to rent out the property, then the mortgage is classified as non-owner occupied.

NOTE: It is important that you provide accurate information regarding property occupancy when you submit your loan application. If you decide to move into a non-owner-occupied property or vice-versa, the property can be re-classified.

Features:

  • Easy qualification process
  • Common Sense Underwriting
  • We offer refinances and purchases
  • We do portfolio loans
  • No Pre-payment
  • Not a Hard Money Loan
Terms of Mortgage:

Max 15 years term. Payments are based on a 25 year amortization with a balloon payment at the end of year 15.

20% down payment required for purchases or finance up to 80% of appraised value.

For additional information and to speak with a knowledgeable Mortgage Specialist, give us a call at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard)  Option 3.
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