Couple signing for investment and shaking a hand30-Year, 5/1 Adjustable Rate for Investment Property

Owning an investment property can offer a number of benefits, such as additional income through rental opportunities and potential tax savings. Having the right mortgage can help maximize your earnings.


  • No rate adjustment during the first 5 years, then the rate adjusts annually thereafter
  • 80% loan-to-value (LTV) or less
  • Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) is not required
  • Min. 680 credit score required
  • No prepayment penalties
  • Primary residences excluded
  • Only properties classified as “single-family” are eligible
  • Interior appraisal required

*Interest Rate: The initial index is determined by Carolinas Telco and the interest rate will be based on adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap, above the initial note rate. All First Mortgage loans require an interior appraisal by a licensed appraiser. The property may be a single family, condominium, townhouse, or up to four apartment units and the maximum number of Investment property loans allowed is two. Primary residences are excluded from this product. The property must be located in North Carolina or South Carolina. The dwelling may be of conventional construction or a modular home and must be completed and ready for occupancy prior to closing. Construction loans are not available. This loan is not available for manufactured housing. A CONTRACT TO PURCHASE is required for all first mortgage loans unless refinanced. THIS LOAN IS NOT ASSUMABLE. * The rates appearing here are accurate as of the effective date: June 17, 2019. All Terms and Conditions are subject to change without notice. Please call your local branch or 800-622-5305 for current rates. The actual rate and terms you receive may vary based on individual creditworthiness and loan to value and may include closing costs, origination fee, etc., that will be disclosed to you based on your specific loan. Real Estate Loans are only available for homes in North Carolina or South Carolina.  Adjustable Rate Mortgage (ARM) Index is determined by the 1-Year Constant Maturity Treasury Yield made available by the Federal Reserve Board. CTFCU-NMLS# 402929