BRoker_Rental

Helping clients buy an investment property

Several of your smaller investor clients may be looking for mortgage solutions that can help them purchase or refinance an investment property. First National’s Rental Program enables those clients to borrow for non-owner occupied properties including condominium, single family, duplex, triplex and fourplex rentals.

Key features:

  • Available for purchase, refinance and transfer
  • One to four units, non-owner occupied
  • Condominiums can be considered conventionally (check with your Account Manager for regional variations)
  • Up to 80% loan to value for conventional
  • Maximum loan amount of $750,000 for insured rental properties in GTA, Vancouver and Metro Calgary areas
  • Maximum loan amount of $600,000 for the rest of Canada
  • Five year term for adjustable and fixed rate
  • Amortization of up to 30 years for conventional

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