Let us take the complication out of Non-owner Occupied/Investment financing.
We can make it simpler for you. Reduce the time you spend financing your investment property by securing a fixed-rate loan with us. You aren't limited to short-term financing, with term options that range from 25 to 10 years.
- 25 years: 5-year Call Option
- 20 years: 5-year Call Option
- 15 years: 5-year Call Option
- 10 years: 5-year Call Option
Balloon vs. Call Option
A Balloon Mortgage does not fully amortize over its term, so you must repay the remaining principal balance on the balloon date. If you don't want to pay the remaining balance, you'll be subject to additional fees to refinance or apply for a new balloon mortgage.
A Call Option gives LSB the option to call the outstanding balance based on the terms included in the Call Option Rider.
The true benefit of the Call Option over the Balloon Mortgage is in the name - "option".
Other Benefits
- Mortgage Rate Security - Don't stress about changing mortgage rates with our 75-day mortgage rate lock AND you'll be eligible for a free mortgage rate float down if mortgage rates decrease. Call for details.
- Loan Modifications - While we offer great rates, there is still potential for them to decrease in the future and because we don't sell our loans, you are eligible to adjust the terms of your mortgage quicker and easier through our Loan Modification Program.
- Relationship Focused - As a portfolio lender, getting a mortgage with us is more like a partnership than a business deal. Our experienced team works to ensure you get a mortgage you can afford and if faced with a hardship, we'll be here to listen.
- Commission-Free - Our Loan Officers aren't commission-based or distracted by quotas. Instead, they're focused on creating Relationships for Generations through honesty and integrity.
- Flexible - A square peg doesn't fit in a round hole! All credit decisions are based on your individual circumstances, not the secondary mortgage market guidelines. Self-employed? Recent job change? We'll look into it!
- Portfolio Lender - We will service and hold your mortgage for the life of the loan.
- Money stays local - To help build and improve the local community.
- Premium Customer Service - You talk to real people - not automated phone systems or call centers.
Account Details
- Maximum Loan-To-Value Ratio (LTV): 70%
- 1 Point plus closing costs