Multi-Unit Residential Mortgage

Multi–unit residential mortgage allows owners and investors to purchase multi–unit real estate. Any property that has more than three separate dwellings or units is consider multi–unit. Most of these types of properties are rental and tenanted.

Down payment of 20% is required for any multi–unit property purchase and interest rates start at 4%.

Refinance up to 85% based on the current market property value; an appraisal may be required. Common reasons to refinance a multi–unit residential property is to use the equity for investments or personal use, expand real estate portfolio by using the funds for down payment on an additional purchase, renovate to increase market value or add units to increase rental income.

Connect with us today, we’ll assess your overall needs and provide the best multi–unit residential mortgage solution.