Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Rental Property Mortgage Rates – Jacksonville, NC

Homebuying 2 min read

Ready to talk to an expert?

Rental property mortgage rates can vary from bank to bank. In order to be sure you are getting the best rates possible, it is important to use a bank you trust. First Bank in Jacksonville, NC offers some of the best rental property mortgage rates in the area.

Rental Property Mortgage Rates - Jacksonville, NC

Rental Property Mortgage Rates from First Bank

First Bank can provide you with great options for your rental property mortgage. Rates can vary, so it is best to speak with a First Bank expert to learn more. We strive to provide our customers with the best rates possible and our loan experts can walk you through the process to ensure you are getting everything you need and more.

Aside from rental property loans, First Bank also offers great rates on these home loans:

  • Conventional
  • Jumbo
  • Government
  • VA
  • Construction
  • Dream It, Own It

If you aren’t sure which loan fits your needs best, you can compare our options here. First Bank has two convenient locations in Jacksonville, North Carolina.

Buying a Rental Property in Jacksonville, NC

The percentage of unoccupied properties in Jacksonville, NC is very low, coming in at 12.17% below the national average. More and more people are moving into the area and this could be good news if you are thinking of buying a rental property in Jacksonville.

Rental (or investment) properties allow you to build equity, pay your mortgage with a tenant’s rent payment, and maybe even earn a little extra money each month. Owning a rental property could also qualify you for tax benefits. Rental property mortgage rates are usually a little higher than other loan interest rates but putting money down can help you lower the rate.

Contact our Mortgage Center, or visit us to speak with one of our loan experts about rental property mortgage rates.


Loans subject to credit approval.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

5 Mortgage Tips to Help You Get the Best Deal Applying for a home loan can be a confusing and sometimes frustrating experience for prospective home buyers, but it doesn’t have to be. By keeping these mortgage tips in mind, you can make the home-buying process easier and ensure you are getting a loan that meets your budget and needs. 5 Tips for Getting the Best Mortgage Loan 1. Check your credit. Finding out your credit score should be the first thing you do before considering your home buying options. Your credit score will impact the types of loans you are eligible for, how much money you can borrow and your interest rate. 2. Set a budget. Use a mortgage calculator to determine how much house you can afford and stick to it. You should also keep in mind how much you will have to pay in property taxes, homeowner’s insurance, maintenance costs, furnishings and utilities. According to LearnVest, you should take the top amount you are approved for take 20% off of it to make sure you can afford the extra expenses that go along with home ownership. 3. Understand your loan options. By learning about your loan options before you apply, you can make sure the lender you choose offers the best type of loan for you. Types of mortgage loans include the following: Fixed-rate mortgages Adjustable rate mortgages Government loans Construction loans Professional loans 4. Shop around. When shopping for a mortgage, you don’t have to go with the first lender you talk to. You might get a better interest rate from one lender than you do for another. You’ll likely find that local community banks like First Bank will offer the most competitive rates and best service with all their lending options. 5. Prep your documents. Find out what documents you’ll need to apply for a mortgage and gather them before you meet with a lender. Required documents typically include: Credit report Tax returns Pay stubs Two forms of ID Proof of current property owned Visit First Bank’s Financial Education Center for more tips on buying a home, or talk to a First Bank mortgage loan expert near you to learn more about our home loan options.  ——— Sources: http://www.learnvest.com/knowledge-center/7-top-mortgage-shopping-mistakes-to-avoid/3/ http://www.realtor.com/advice/14-step-pre-approval-checklist/ http://www.consumerfinance.gov/askcfpb/137/how-do-i-find-the-best-loan-available-when-im-shopping-for-a-home-mortgage-loan.html 2 min read