Sierra Pacific Mortgage Providing loans for Investors for the Lake Tahoe Area
Sierra Pacific Mortgage—Providing loans for investors for Homes& Condos in Tahoe and Truckee since 1992
Real estate prices are at their lowest levels in many years, but as the economy continues to improve we are seeing a steady growth in property values. It is widely believed that today is the best opportunity to buy residential investment property in many parts of the country, especially in a resort area like Lake Tahoe and Truckee. With fixed income returns as low as they are, many people, whether professional investors or not, are turning to real estate to increase their returns and grow their portfolio.
When you combine lower home prices with lower interest rates, the inherent tax benefits of real property, and positive cash flows that come with these benefits, real estate has regained its strength as a key investment strategy.
Establish a Relationship with a Mortgage Banker Who Will Streamline the Process
Whether you are an experienced investor looking for another investment property or a first-time investor looking for a rental or even a vacation home, establishing a relationship with an experienced, knowledgeable mortgage banker who can service all your loan requirements will make the process much easier and smoother.
At the Sierra Pacific Mortgage—Lake Tahoe Office, we have the solutions for you. Considering the credit market is still tight, working with a mortgage banker that offers flexible financing solutions and a broad product line will increase your ability to buy that special property.
Lake Tahoe’s Investment Property Loan Specialists
Contact the Sierra Pacific Mortgage—Lake Tahoe Office to secure an investment property loan for your Tahoe area purchase. We have worked with investors locally to provide real estate loans on second homes, investment properties, condos, and even condotels since 1992. We serve the communities of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay.
Choosing an InvestmentProperty Loan
Using loans to finance an investment property in the Tahoe and Truckee area can be a difficult decision. Due to the special nature of investment property loans, it is important to work with a mortgage banker who understands investment loans. Your Sierra Pacific Mortgage-Lake Tahoe Office mortgage banker, Steve Peterson, has experience working with these types of loans and can guide you to the right product, with the best rate that you qualify for.
The Sierra Pacific Mortgage Lake Tahoe Office Can Do More Than Originate Loans
A good mortgage banker can do more than help you acquire an investment property loan. With over 20 years as a mortgage banker in the Tahoe and Truckee area, Steve Peterson has a large network of experienced real estate agents, appraisers,property managers, inspectors,attorneys, CPA’s, and other professionals to assist you in all the other dimensions of your real property investments. We would like you to consider us your team of advisors to assist you with all your investment property needs. Whether you are just getting started or have been investing for years, we have the knowledge to help.
Our team is especially adept at helping first-time or inexperienced investors. We will help you navigate the complex process of applying for investment property loans from planning to funding. Our hands-on, personal approach has enabled the Sierra Pacific Mortgage-Lake Tahoe Office to build a base of loyal clients and grow in an uncertain economy through referrals.
We Fit the Investment Property Loan to You and Your Property
When deciding whether to fund a loan, a lender incorporates many factors into the decision process. Rates and terms on an investment property loan can be influenced by a variety of factors, including:
Financial Strength of the Investor:Obviously a very important factor in the evaluation and decision process for a mortgage banker when considering an investment property loan. Preparation early in the process is essential, as the lender will consider credit scores, liquid assets, income outside of the investment, and cash for down-payment and closing costs.
The Property being Financed:Lenders like properties in good locations that show positive cash flow. While condos may be cheaper, they can also be difficult to finance. Duplexes have great income potential, but often require larger down payments. Anything over 4-units is considered commercial and requires stricter guidelines from lenders.
Income Potential of the Property: Lenders may require some type of documentation to show that a property will create a profit in a reasonable period of time. A lender may require an appraisal report as proof of a property’s projected net income.These reports let the lender know what can be expected in terms of revenue and expense from the property.
The Size of the DownPayment: Investment property loans require a minimum of a 20% down-payment in most situations. And for down payments of 25% or higher, it is possible that there might be rate improvements available. Properties with multiple units usually require larger down-payments, although there are some exceptions.
The Sierra Pacific Mortgage Lake Tahoe Office Has the Investment Property Loans You Need
If you are thinking about expanding the size of the real estate holdings in your portfolio, Steve Peterson and his team can help. An investment property loan can help you expand your real estate holdings and strengthen your overall portfolio. As with all real estate loans, it is essential that you work with a mortgage banker who can help you secure the financing that you need in order to complete your project. At the Sierra Pacific Mortgage-Lake Tahoe Office, we pride ourselves on providing a high level of service to all of our clients. It is our mission to ensure that you can secure the funding that you need for all of your real estate investment activities.
We will be by your side during the entire process, helping you anticipate the needs of the lender, and smoothing any bumps and disruptions that may occur until the loan is funded.
Work with the Best Mortgage Banker in Lake Tahoe—Call Us Today!
Call the mortgage banking professionals at the Sierra Pacific Mortgage Lake Tahoe Office today at 775-831-7151 to learn more. We’re located in Incline Village and have been serving the entire Tahoe and Truckee regions since 1992.
Steve Peterson, your mortgage banker at the Sierra Pacific Mortgage-Lake Tahoe Office,is an expert in financing investment properties. He serves the communities of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay with loans to finance their investment property purchases.