Gain a competitive edge in a large, lucrative market.
Nineteen percent of residential property purchases are made for investment purposes. Yet nearly half of investors say that the mortgage application and approval process is more difficult than expected.
Residential real-estate investors face higher mortgage rates and fees, larger down-payment requirements and lower LTVs than their owner-occupied counterparts. Often, they need to finance rapid renovations and upgrades to make their properties more attractive to renters. In today’s competitive market, they need a way to accelerate funding and minimize borrowing expense.
Your ability to ability to solve these challenges opens up new opportunities for your business. Quorum Federal Credit Union can help.
Introducing the Investment Property HELOC — only from Quorum.
Investor HELOCs have been virtually unheard of—until now.
An Investor HELOC from Quorum is a flexible, cost-efficient way to clear financing hurdles and avoid delays. Investors can use it to supplement a conventional mortgage at time of purchase. Or put it to work freeing funds tied up in existing properties to finance new properties or property improvements.
76% of real-estate investors say that now is a good time to buy. That makes now a great time to carve out a profitable new niche. Put the Quorum Investment Property HELOC to work, and you can secure more favorable financing for residential real-estate investors.
FACT:
67% of real estate investors are likely to buy another property within two years.
Offer creative solutions to mortgage-lender limitations.
Quorum makes it easy to help borrowers finance a wide range of residential investment properties.
- Single family homes
- Multi-family homes (up to 4 units)
- PUDs
- Condos
- Townhomes
Common sense underwriting gets more deals done.
At Quorum, we work hard to tailor solutions to the individual needs of your borrowers. Our creative approach makes the entire process as quick, simple and painless as possible. Your borrowers will benefit from:
Attractive CLTV. Up to 80% combined
Generous terms. Up to $250K
Realistic credit requirements. 680 minimum FICO score
24/7 service. Dedicated experts available 24/7, 365 days a year
Fast approvals. Quick pre-approvals and fast final answers, often in the same day.
Minimal paperwork. Apply simultaneously for a mortgage and Quorum investor HELOC. Use the primary mortgage application for both.
It’s easy to do business with us.
At Quorum, we don’t require a broker agreement or signup fee. Your borrowers won’t face a maximum aggregate mortgage limit or prepayment penalty. We fund properties in every state except Texas. We know every deal is different—and we’re committed to getting deals done.
Join us as a Quorum partner. You’ll see how easy it is to win new business and build up your bottom line.
