Smiling family outside rental home.
6.794% APR 5-Year ARM 80% or Less LTV


Up to 85% of property's appraised value

Loan features

Whether you're ready to refinance a property you’re already renting out, or you want to purchase a smart real estate investment, LGFCU has a Rental Property Loan just for you. Please note that the maximum loan term is 15 years for rental property loans.

  • Up to 85% financing of the rental property’s appraised value is available for the purchase of a one-unit rental property, or for a no cash-out refinance. For two- to four-unit dwellings, the maximum loan-to-value (LTV) for purchases and no-cash-out refinances is 75%. The loan request is limited to 75% LTV for cash-out refinances of one-unit rentals and 70% of two- to four-unit dwellings. Cash-out refinance is defined as any funds that exceed the balances owed on the first and/or second mortgages being paid off, plus closing costs.
  • You may be eligible for an Adjustable Rate Mortgage or Fixed-Rate Mortgage, which are also subject to approval. Loan requests for greater than 90% LTV are limited to a maximum financing of $500,000. Taxes and insurance are not included in monthly payment estimates; actual monthly payment will be greater.
  • Rental property must be located in North Carolina, South Carolina, Virginia, Georgia or Tennessee.

Next Steps

Choose a way to request your Rental Property Loan.

  • Download the Loan Information Checklist, then choose a way to request your Rental Property Loan.
  • Log in to Member Connect and select the Loan Center tab. Choose Mortgage Center.
  • Call us at 888.732.8562. Lending Services hours of operation are 8 a.m. to 9 p.m., Eastern.
  • Not an LGFCU member yet? Join us!