Valley First

Buying An Investment Property

If you’re considering a mortgage for a property you’d like to rent out, we can help. Having a rental property can provide you with a steady income now, while accumulating equity in an asset that is likely to increase in value over time.

 

Things to consider

  • Leverage the equity in your existing property
  • For a non-owner-occupied rental property, you’ll need a down payment of at least 20%.
  • Factor in any needed repair and refurbishing costs into your mortgage amount
  • Get a construction mortgage to build a new house on your rental property

EXPERT TIP

If you rent out your home for over 15 days a year, you’ll need to report the rental income you receive, but you can then deduct expenses incurred to maintain and clean the home.

 

Have a question? Simply contact us and we'll provide you with the information you're looking for.

Online

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In Person

If you're more comfortable coming in to see us, we'd be happy to chat with you about the questions you have.

By Phone

If you’d like to call us, here is a complete list of our branch and insurance office numbers.