Investment Property Loan: Rates, Uses & Benefits

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What Are the Uses and Benefits of an Investment Property Loan?

There are basically two reasons to purchase residential property as an investment. One reason is to make money on resale. Investment buyers may believe that market prices in a certain area are on an upward trajectory; they buy property to hold in their portfolio until it increases in value and then profit on its sale. Alternatively, buyers may look for a home that needs work, hoping to raise their home equity and the resale price by making improvements.

The other reason to purchase residential property is to generate rental income, either from a single-family home or condominium or from a multi-unit property.

Bethpage has investment property mortgages that are great for real estate properties that are being purchased with these benefits in mind.

  • 30-Year Fixed Rate Mortgages available
  • Loan amounts up to $1,000,000
  • No prepayment penalties
  • Available for purchase or refinance
  • 1-4 Unit and Condominium property types

Learn about your investment property loan options and what makes the most financial sense for you. Contact one of our experienced mortgage specialists today.

Investment Property Monthly Payment & Interest Rate Calculator [1]

Available as a 30 Year Fixed Rate & 7/1 Adjustable Rate Mortgage (ARM)

Things to Think About When Applying for an Investment Property Loan

When buying an investment property, there are a lot of things to think about — the condition of the neighborhood as well as the property itself; the outlook for the local and regional economy; the potential cost of repairs and improvements; and/or the potential upkeep on a rental property and other costs involved in being a landlord. These considerations are important to buyers’ future financial health, as well as to qualifying for the loan. Lenders evaluate properties as well as buyers and want to know they are backing a sound investment.

Investment/Rental Property Loans with Bethpage Federal Credit Union

We’re a credit union, not a bank!

Which means your needs come first; not shareholders, because there are none. We invest back to you by delivering lower fees and better rates.


We are one of the largest credit unions in the Northeast, serving members for 75+ years.


Quick to close - average turnaround time: 30 days


Provided over $1.3 billion in Mortgage loans in 2019

Investment Property Mortgages FAQs

What is an investment property?

An investment property is a real estate property that has been purchased with the interest of earning a return on the investment either through rental income, future resale or both. Find out your loan options and what makes best financial sense for you by contacting an experienced mortgage specialist today!

Can I finance a residential investment property in the name of a business entity?

Bethpage does not lend on a residential investment property that is in the name of a business entity.

Are gift funds permitted to finance a residential mortgage transaction when the subject property is an investment property?

No, Bethpage will not permit gifted funds to finance the transaction.

How can I apply for an investment property loan?

You can apply by phone by calling 855-446-0380 Monday through Friday, 8:00 am, ET to 5:30 pm, ET. Finally, you can apply by visiting a mortgage specialist at any Bethpage Branch by using our branch locator.

How can I lock my interest rate?

To request a rate lock, please complete the online rate lock form and it will be submitted to your Mortgage Loan Officer. You may request the daily published interest rate during the hours of 11 AM - 5 PM, ET Monday - Friday by calling 855-446-0380. Rate lock requests received outside of these hours will not be honored and a new request must be received during the aforementioned hours.

Rates are not guaranteed until you submit a full application and sign a rate lock agreement. Rates can only be locked after your completed loan application is received.

Is there a fee to lock my interest rate?

Bethpage offers a free 60 day rate lock!