Skip to main content
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:

You may be interested in...

What are 30-Year Mortgage Rates? If you are thinking about buying a home, you may be asking the question, “What are 30-year mortgage rates?” There are many ways to figure out the current average 30-year mortgage rates, but the best way to find out about rates near you is to ask a local mortgage lender, like First Bank. Get Competitive 30-Year Mortgage Rates at First Bank First Bank offers a variety of home loans with competitive mortgage rates, including a 30-year, fixed-rate conventional loan. 30-year fixed-rate mortgages are some of the most popular mortgages, as they provide homeowners with a fixed interest rate and lower monthly payments. Benefits and features of First Bank’s 30-Year Mortgage include: Your interest rate and monthly principal and interest (P&I) payments remain the same for the life of your loan Predictable monthly P&I payments allow you to budget more easily Protection from rising interest rates for the life of the loan May be a good choice if you plan to stay in your home for a long time Tips for Paying Off Your 30-Year Mortgage A 30-year mortgage does not have to be a 30-year commitment. Plenty of people pay off their mortgages early and you can too. Money Smart Guides provides some great tips for how to do it. Use tax refunds. If you get a sizable tax refund each spring, put it toward your mortgage. This could be the equivalent of making six months worth of mortgage payments at once. Pay extra early. The early payments of a mortgage go mostly to interest while the later stages involve more principal. Paying hundreds extra now can save you thousands later. Pretend to refinance. In other words, calculate how much it would require you to pay each month to pay off your 30-year mortgage in 15 years or 20 years and commit to it. Round up payments. Bump up your monthly payments to the nearest round number. You won’t notice the missing money now but you will when it shaves years off your mortgage. Note: some lenders penalize homeowners for prepaying their loan. Before you prepay your loan, it is best to research prepayment penalties in your state. Find a Good Place to Start What good are 30-year mortgage rates if you don’t find a 3 min read
Construction Loans 101: Adjustable Rates If you’re considering building a home, one of the more pressing concerns is the rate you’ll receive for a construction loan. For residents of the Carolinas, First Bank* has convenient locations to stop by for a discussion about your construction loan options. With our One-Time Close Construction-to-Permanent loan, you have the potential to build the house of your dreams. Construction-to-Permanent Loan First Bank offers a One-Time Close Construction-to-Permanent Loan.** With this loan, the cost of your lot, construction, and permanent mortgage is covered in a single loan. Our construction loan rates vary, but you can choose from a variety of fixed or adjustable rate loan options for your permanent financing. Our One-Time Close Construction-to-Permanent Loan consists of two phases: the construction phase and the permanent phase. During the construction phase, you will only make interest payments. When the construction is complete, the permanent phase modifies the loan into a permanent loan. During the permanent phase, the construction loan will be converted to a permanent loan. Other benefits of First Bank’s One-Time Close Construction-to-Permanent Loan include: No prepayment penalties A single set of closing costs Flexible use to finance a primary residence Ability to purchase your lot Benefits of Building a Home If you are thinking about building a home, consider these benefits: Customization—Building a home gives you the opportunity to make everything look exactly how you want it. Low Maintenance Costs—Because homes are built with all new materials and typically have all new appliances, you will spend less on repairs and updates. Efficiency—As technology improves, new homes are becoming increasingly more energy efficient. When you build a new home, you have the opportunity to include as many green materials as you want. Value—New homes have a longer life expectancy so they typically appraise higher than older homes. Ready to get started? You can begin your mortgage application or visit a First Bank branch to speak with a mortgage loan expert today. *Equal Housing Lender. NMLS #474504. **Loans subject to credit approval. ——— Source: http://www.investopedia.com/articles/personal-finance/062614/should-you-buy-or-build-home.asp 2 min read
How to Get a Home Equity Line of Credit If you are thinking about taking out a loan to finance a major expense, such as home repairs or a kitchen remodel, a home equity line of credit (HELOC) or personal loan could be a good option. With a home equity line of credit, you borrow money from your home’s equity — the difference between the value of your home and what you owe on the mortgage. First Bank is here to help you obtain a HELOC. HELOCs are different from home equity loans. With a HELOC, you are borrowing money on a revolving basis, similar to a credit card, and you can request cash any time you need it by writing a check. HELOCs also typically have variable interest rates, which differ from the fixed interest rate of a home equity loan. The amount you are allowed to borrow depends on the amount of equity you have in your home. It can also be dependent on your income, credit history, and market value of your home. Home Equity Lines of Credit (HELOCs) from First Bank* Home equity lines of credit from First Bank: Revolving sum of money, available as needed over period of time Have low interest rates Can be secured by the equity in your primary or secondary home Can be accessed with specially designed checks that are free of charge May allow interest to be up to 100% tax deductible** If you have more questions about home equity loans or lines of credit, or are ready to apply, visit your local First Bank branch to speak with one of our loan experts. *Member FDIC. Equal Housing Lender. NMLS #474504. Loans subject to credit approval. **First Bank and its representatives do not provide tax advice. Each individual’s tax and financial situation is unique. Individuals should consult their tax advisor for advice and information concerning their particular situation. ———- Sources: Consumer: https://www.consumer.ftc.gov/articles/0227-home-equity-loans-and-credit-lines Investopedia: http://www.investopedia.com/terms/i/interest.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186 2 min read
First Bank logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.