Investment Property Loans in West Palm Beach, Florida - Rental & DSCR Financing
West Palm Beach homebuyers seeking investment property loans florida benefit from working with a local mortgage expert who understands Palm Beach County's unique real estate market. With a median home price of $$485,000 and neighborhoods like Northwood, Flamingo Park, El Cid, West Palm Beach offers diverse homebuying opportunities.
Why Choose Investment property in West Palm Beach?
West Palm Beach's real estate market in Palm Beach County offers unique opportunities for homebuyers. With a median home price of $$485,000, 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 West Palm Beach
Understanding eligibility requirements helps West Palm Beach 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 West Palm Beach and throughout Palm Beach County. Your individual situation may qualify for exceptions or special programs.
Required Documents for West Palm Beach Homebuyers
When applying for investment property loans florida in West Palm Beach, 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
West Palm Beach Investment Loan Timeline
Here's what to expect when getting investment property loans florida in West Palm Beach:
| Stage | Timeline | |-------|----------| | Pre Qualification | 24-48 hours | | Appraisal | 7-14 days | | Processing | 14-21 days | | Closing | 30-45 days total |
Timeline may vary for West Palm Beach properties based on market conditions in Palm Beach County. We work efficiently to meet your deadlines.
Current Investment Rates in West Palm Beach
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.
West Palm Beach homebuyers should contact us for current rates specific to their situation in Palm Beach County. Rates change daily based on market conditions.
West Palm Beach Real Estate Market Insights
Market Overview: - Median Home Price: $$485,000 - County: Palm Beach County - Population: 117,415 - Popular Neighborhoods: Northwood, Flamingo Park, El Cid, Old Northwood, Grandview Heights Market Characteristics: Cultural hub of Palm Beach County with arts district, growing downtown, and diverse housing stock from historic to modern.Our local expertise in West Palm Beach 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 West Palm Beach, 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.