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Flexible Financing Options for Your Rental Properties

Investment property ownership offers buyers plenty of benefits, including additional income through rental opportunities and potential tax benefits.1 Navy Federal offers a 15-year conventional fixed rate2 designed to maximize your return on investment.

Loan Features

  • No Prepayment Penalties

    Able to pay off your loan early? No problem. Navy Federal doesn’t charge penalties for paying off your loan early.

  • 15% Down Payment Required

    All Navy Federal investment property mortgage loans require a 15% down payment.

  • Available for Purchase or Refinance

    If you already have a mortgage on your investment property and want to refinance for a different interest rate or shorter term, this loan may also be a good fit.

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To get details on investment property mortgage rates, call 1-888-842-6328 today.

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Get the Best Investment Property Mortgage Rates

We’re committed to helping you get the best possible investment property mortgage rates. To improve your rate, we suggest following these tips:

Reduce your debt

Less debt means more room to cover mortgage payments for your investment property. 

Increase your cash reserves

Lenders like to know that you're financially secure enough to cover your payments. In most cases, they want to see at least enough liquid assets to cover 6 months of mortgage payments. However, 12 months puts you in an even better position.

Improve your credit score

A higher credit score helps you secure a lower down payment and makes you eligible for a lower rate.

Increase the size of your down payment

A larger initial down payment means that you'll borrow less money, making you less of a risk to your lender. 

Why Choose Navy Federal?

Great loans. Expert guidance. Best-in-class loan service. As a Navy Federal member, you get access to additional benefits to help save you time and money. Get your loan, real estate agent, title services and loan servicing all through us.

Learn More about mortgages with Navy Federal

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Find a Real Estate Agent

Finding the right home starts with finding the right real estate agent. Use RealtyPlus® to connect with a top-performing real estate agent in your area. Plus, you can earn cash back. Exclusively for Navy Federal members.3

Learn More about RealtyPlus.

Mortgage Learning Center

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Homeowner Resources

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Disclosures

1

This article is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a legal, tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.

2

A fixed-rate loan of $300,000 for 15 years at 5.000% interest and 5.230% APR will have a monthly payment of $2,372.
A fixed-rate loan of $300,000 for 30 years at 5.500% interest and 5.637% APR will have a monthly payment of $1,703.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $647,200. In AK and HI, the Conforming loan limit is $970,800. The Jumbo rates quoted above are for loan amounts above $647,200 up to $2,000,000.

3

The cash-back bonus is offered in most states and is available for individual sales and purchases of property; offer limited to one cash-back bonus per property with no limit on the amount of times you may use the program. In some states, a gift card or commission credit at closing may be provided in lieu of the cash-back bonus. The program is not available in IA or outside the U.S. Cash-back bonus is not available in AK or OK. In KS and TN, a gift card with preloaded points that are ready for spending at specified retail establishments after closing will be issued. State regulations in KS limit the dollar amounts and the type of incentive. In MS, NJ, and OR, a commission reduction may be available at closing. Please check with the program coordinator for details. This is not a solicitation if you are already represented by a real estate broker. The cash-back bonus is only available with the purchase or sale of your home through the use of a program-referred and -approved real estate agent. The size of your cash back award depends on the value of the property you are buying or selling.  Obtaining the full $9,000 cash back award requires transacting in a property valued at $3 million or greater.  To calculate the size of your potential cash back, please visit the RealtyPlus website: https://realestateperk.com/RealtyPlus/.  All real estate transactions are negotiable. Contact RealtyPlus for terms and conditions. Standard listing fees apply. The program award is not available in certain transactions with restricted agent commissions (including many new construction, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the award would not be available. This program is offered, in part, by Realogy Lead Management Services, Inc. d/b/a Realogy Leads Group (RLG). RLG may receive a co-operative brokerage fee as a result of a referral to the real estate companies listed above. Program terms and conditions are subject to change at any time without notice. Additional terms, conditions, and restrictions apply.