Make A Payment Enroll In Online Banking Routing# 051404419 Investment Property Loans Apply Here For A Mortgage Purchase Refinance Construction Loans Reverse Mortgage Home Equity Loans Investment Property Loans When it comes to saving for retirement, investment properties have always been a popular way to generate passive income and build one’s overall net worth. Some real estate investors are just looking for one or two properties, with an eye on future returns. Others acquire so many properties they are able to retire early. Here in the Shenandoah Valley, our region continues to attract home buyers priced out of the DC metro area, as well as families looking for a friendlier place to raise children. And of course, Harrisonburg is always a good place to buy investment properties because of the JMU student population. College students are almost always renters once they move from dorm to off-campus living. Requirements For Investment Property Mortgages Investment property loan lenders tend to consider rental units a higher risk than owner-occupied dwellings. This is because the landlord profession itself can be risky. If a tenant stops paying the rent, a landlord may stop paying the mortgage. So, investment property buyers need a good or excellent credit score, as well as a larger down payment than for a conventional mortgage. You also need to have a good debt-to-income ratio and proof of a steady income. Investment property loans may also have a slightly higher interest rate compared to mortgages on primary residences. F&M is proud to be one of the local banks that offer investment property loans. We know that a robust rental market contributes to a thriving community. That’s why we we work with investment property buyers to create an investment loan that works for your budget and needs. Our local ownership gives us more flexibility with loan terms and decision-making than bigger banks. What can I buy with investment property loans in Virginia? This type of mortgage can be used to purchase a single-family home, condo, or townhome to rent out, a multi-family unit, or a vacation home. F&M Mortgage offers both fixed-rate and adjustable rate investment property loans. Choose a term length that fits your budget and plans for the house. F&M Mortgage: A Virginia Tradition Since 1908 F&M Mortgage, a division of F&M Bank, has been investing in Shenandoah Valley communities for more than a century. Our Mortgage Advisors are committed to offering friendly, personalized service, with the kind of local expertise you only find in people who live and work in your community. Ready to apply for an investment property loan? Use our online mortgage application or apply in person at your nearest branch. We can help you determine the best mortgage loan to fit your needs. Have Mortgage Questions? Get In Touch540-442-8583 Name Email Phone Inquiry CAPTCHA Corporate Office 2040 Deyerle Avenue Suite #207 Harrisonburg, VA 22801 Get Directions Office: 540-442-8583 Fax: 540-433-6903 Para Español: 540-810-7716 Email: info@fmhome.com Fishersville Office 19 Myers Corner Drive Suite #105 Staunton, VA 24401 Office: 540-466-8540 Fax: 540-941-2456 Woodstock Office 161 South Main Street Woodstock, VA 22664 Phone: 540-459-3707 Fax: 540-459-3095 Quick Links Purchase Loans Refinance Loans Construction Loans Reverse Mortgage Home Equity Loans Mortgage FAQ Prepare For Your Application Privacy Policy Payment Options Apply Here For A Mortgage Login Follow Us On Facebook NMLS# 275173 © Copyright F&M Bank | Website Designed & Developed By Estland