Real estate means more than your primary residence. We have loans for members interested in purchasing or refinancing a rental property.
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.
- Up to 80% financing of the rental property’s appraised value is available for the purchase of a rental property or for a no cash-out refinance. Request is further limited to 65% loan-to-value for cash-out refinance. 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 loan, which are subject to approval.
- Rental property must be located in North Carolina, South Carolina, Virginia, Georgia or Tennessee. Members must reside in North Carolina or bordering states to be eligible.
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 Services tab. Choose Mortgage Center from under “New Account Request.”
- Call 888.732.8562.
- Visit your local branch.
- Not an LGFCU member yet? Join us!