Investment Property Loans in Gainesville, Florida - Rental & DSCR Financing
As an experienced mortgage loan officer serving Gainesville and Alachua County, I specialize in investment property loans florida for local homebuyers. Whether you're considering homes in Haile Plantation, Downtown, Duckpond, or other Gainesville neighborhoods, our loan programs are tailored to the local market.
Why Choose Investment property in Gainesville?
Gainesville's real estate market in Alachua County offers unique opportunities for homebuyers. With a median home price of $$310,000, 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 Gainesville
Understanding eligibility requirements helps Gainesville homebuyers prepare for success. Here's what you need to qualify in Alachua 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 Gainesville and throughout Alachua County. Your individual situation may qualify for exceptions or special programs.
Required Documents for Gainesville Homebuyers
When applying for investment property loans florida in Gainesville, 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
Gainesville Investment Loan Timeline
Here's what to expect when getting investment property loans florida in Gainesville:
| Stage | Timeline | |-------|----------| | Pre Qualification | 24-48 hours | | Appraisal | 7-14 days | | Processing | 14-21 days | | Closing | 30-45 days total |
Timeline may vary for Gainesville properties based on market conditions in Alachua County. We work efficiently to meet your deadlines.
Current Investment Rates in Gainesville
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.
Gainesville homebuyers should contact us for current rates specific to their situation in Alachua County. Rates change daily based on market conditions.
Gainesville Real Estate Market Insights
Market Overview: - Median Home Price: $$310,000 - County: Alachua County - Population: 141,085 - Popular Neighborhoods: Haile Plantation, Downtown, Duckpond, University Heights Market Characteristics: University of Florida drives rental market. Affordable housing and strong investment property demand.Our local expertise in Gainesville and Alachua 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 Gainesville, Alachua 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.