If my husband and I are retired can we get a mortgage on an investment property?

Greetings Elain.Being retired is not considered a negative attribute in mortgage lending. I'm here in the Portland area, and available to meet you to discuss your options face-to-face. I specialize in working with real estate investors and can help you navigate the process. Just give me a call at 503-356-2241. We'll go over the options so you make the right choices and get the best loan that meets your future plans and goals.Chris Barry

Good Afternoon! Yes, is the answer, but getting approved is always subject to income, credit, asset, and property qualifications. If you would like a free analysis, I'd be happy to help you. Our company provides up to 85% for the Loan To Value on a Single Family Investment, whereas most other lenders can offer only 80%. I'm here to help if you need me! Enjoy the day!

absolutely.. being retired is not a problem.. you still have to have sufficient credit and income to service the new loan, but being retired should not hold you back.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

it depends on your income. I have done several loans for people on fixed incomes. call me and we can discuss details.Helen Williams 541-868-2660.

Hi Elaine, you sure can!! Please give me a call at 509-527-3353 and we can work up a pre-approval for you...Have a nice day,Lorne

As long as you qualified, yes. You would go through the same pre-approval process as you have with any other real estate financing. Feel free to call my office 206.631.2212 or apply online at www.cobaltmortgage.com/jerrypotter.Look forward to heaing from you.

Yes, you can and you would be treated no differently than any other consumer if you can document ability to repay on fixed income or other sources of income shown to continue for 3 or more years. For agency-backed conventional financing you would also want to plan on putting down 25% for budgeting.

Yes

Elaine -- yes, to do otherwise would be improper discrimination. That said, you will have to have between 20-30% down depending on the type of residential investment property you are purchasing (whether single, duplex, triplex or fourplex). The lower the down payment generally will mean the higher the rate.

Even though you are retired, you can still qualify for a mortgage based on your credit score, assets and income.

Consider a reverse mortgage on your primary residence, with no monthly payment, if you are both over 62. I am local, and would be happy to talk with you. Dave Metsker, 503-620-2239.

We can use retirement income

Being retired in and of itself isn't an issue. Normal underwriting guidelines will apply.

You sure can, however, it's going to be based on your income, credit and how much of a down payment you'll be providing. I would strongly suggest to contact a local lender in your area using Lender 411's directory of Lenders.

Yes you can as long as you have a down payment that is anywhere from 15% to 25% You can still use your S.S. as full documentation of income.If you'd like a quote feel free to email or call me anytime.

You may qualify for a reverse mortgage refinance on your current property to buy investment properties. That could be another option for you and your husband.