Investment Property Loans in Boca Raton, Florida - Rental & DSCR Financing
As an experienced mortgage loan officer serving Boca Raton and Palm Beach County, I specialize in investment property loans florida for local homebuyers. Whether you're considering homes in East Boca, West Boca, Mizner Park, or other Boca Raton neighborhoods, our loan programs are tailored to the local market.
Why Choose Investment property in Boca Raton?
Boca Raton's real estate market in Palm Beach County offers unique opportunities for homebuyers. With a median home price of $$575,000, our investment property loans florida programs help make homeownership accessible.
- DSCR loans qualify based on property income, not personal income - loans qualify based on property income, not personal income
- No tax returns required for many investor programs - tax returns required for many investor programs
- Finance multiple properties with portfolio lending - multiple properties with portfolio lending
- Cash-out refinancing to fund additional investments - refinancing to fund additional investments
- 30-year fixed or interest-only options available - fixed or interest-only options available
- Experience real estate investor specialist - real estate investor specialist
Investment property Requirements in Boca Raton
Understanding eligibility requirements helps Boca Raton homebuyers prepare for success. Here's what you need to qualify in Palm Beach County:
| Requirement | Details | |-------------|---------| | Min Credit Score | 620+ for conventional, 640+ for DSCR | | Down Payment | 15-25% minimum for investment properties | | D S C R | 1.0+ (property income covers mortgage payment) | | Property Type | Single-family rentals, multi-family (2-4 units), condos | | Experience | No investor experience required for DSCR loans |
These requirements apply to Boca Raton and throughout Palm Beach County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Boca Raton Homebuyers
When applying for investment property loans florida in Boca Raton, you'll need to provide:
- Purchase contract or refinance details
- Rental income documentation or lease agreements
- Property tax bills
- Homeowners insurance information
- Personal bank statements (2 months)
- Asset documentation
- Photo identification
- For DSCR: Appraisal with rental income estimate
Boca Raton Investment Loan Timeline
Here's what to expect when getting investment property loans florida in Boca Raton:
| Stage | Timeline | |-------|----------| | Pre Qualification | 24-48 hours | | Appraisal | 7-14 days | | Processing | 14-21 days | | Closing | 30-45 days total |
Timeline may vary for Boca Raton properties based on market conditions in Palm Beach County. We work efficiently to meet your deadlines.
Current Investment Rates in Boca Raton
Typical Rate Range: 7.0% - 8.5% APRInvestment property rates are typically 0.5-1.5% higher than primary residence rates. Varies by credit, LTV, and property type.
Boca Raton homebuyers should contact us for current rates specific to their situation in Palm Beach County. Rates change daily based on market conditions.
Boca Raton Real Estate Market Insights
Market Overview: - Median Home Price: $$575,000 - County: Palm Beach County - Population: 97,422 - Popular Neighborhoods: East Boca, West Boca, Mizner Park, Royal Palm, Broken Sound Market Characteristics: Affluent community with luxury homes, golf communities, and high-end shopping. Strong schools and family focus.Our local expertise in Boca Raton and Palm Beach County helps you navigate the market and secure the best investment property loans florida terms for your situation.
NMLS & Licensing Information
Louis Doherty NMLS #60093 | Edge Home Finance Corporation NMLS #891464
Licensed mortgage loan officer serving Boca Raton, Palm Beach County, and all of Florida. Equal Housing Opportunity Lender.
All loans subject to underwriting approval. Rates, fees, and programs subject to change. This is not a commitment to lend.