Wisconsin Investment Property Loans

Investing in Property in Wisconsin

Wisconsin’s real estate market is growing thanks to its booming population, thriving economy, and attractive quality of life. The median home price in the state has increased by 4.7% year-over-year, reaching $306,557 as of 2024. This steady appreciation, the potential for stable rental income, and the numerous tax benefits associated with real estate investing make Wisconsin an appealing destination for real estate investors.

Wisconsin investors can pursue various strategies depending on their goals and preferences. Long-term rentals, particularly in urban centers like Milwaukee and Madison, offer the potential for consistent cash flow and long-term appreciation.

Short-term rentals and vacation properties, especially in popular tourist destinations like Door County and the Wisconsin Dells, can provide higher rental rates and flexibility.

Additionally, the state’s growing economy and expanding job market create opportunities for investing in multi-family properties, such as apartments and duplexes, which can generate multiple income streams and offer economies of scale.

Wisconsin Investment Property Loan Types

Griffin Funding offers a diverse range of investment property loans in Milwaukee and throughout the state of Wisconsin, tailored to meet the unique needs of real estate investors. Here’s a closer look at the loan types available:

Conventional Loans

Conventional loans are traditional mortgage loans that typically require a down payment of 15-25%. Conventional loans give investors competitive mortgage rates, flexible terms, and the ability to purchase up to four units under one loan, making them a versatile option for various investment strategies.

DSCR Loans

With DSCR loans, investors can qualify based on the property’s rental income rather than their personal income. This rental property loan in Wisconsin is ideal for investors who own multiple properties, have complex income streams, or are self-employed.

Bank Statement Loans

Bank statement loans cater to self-employed investors or those with variable income who may not meet the traditional income documentation requirements. These loans allow borrowers to qualify for an investment property loan in Wisconsin based on a series of bank statements, typically from the past 12-24 months, rather than tax returns or W-2s.

VA Loans

While typically used for primary residences, VA loans can also be used to purchase multi-unit properties, with the investor living in one unit and renting out the others. These loans for investment properties in Wisconsin offer competitive interest rates, no private mortgage insurance (PMI) requirement, and the potential for 100% financing for those who haven’t used their VA benefits yet, making them an attractive option for qualified investors.

FHA Loans

FHA loans give you more flexibility when it comes to qualifying. These loans can be used to purchase multi-unit properties, with the investor living in one unit and renting out the others. These government-backed loans have a minimum down payment requirement of 3.5% for credit scores of 580 or higher and 10% for credit scores between 500 and 579, making them accessible to a wider range of investors.

Home Equity Loans

Home equity loans allow Wisconsin investors to leverage the equity they’ve built up in their other properties to finance new investments. By borrowing against the equity in a current property, investors can access funds for a down payment or to purchase an investment property outright. Home equity loans typically offer fixed interest rates and repayment terms of 5-30 years, providing predictability and stability for long-term investment strategies.

Asset-Based Loans

Asset-based loans are an option for investors with significant assets, such as stocks, bonds, or retirement accounts, but may not meet the income requirements for traditional loans. These loans are based on the value of the borrower’s assets rather than their credit score or income, offering flexibility for investors with complex financial situations.

Private Money Loans

Private money loans often have more lenient qualification requirements, making them an option for investors with less-than-perfect credit or those who need quick funding for time-sensitive opportunities. Private money loans may come with higher interest rates and shorter terms than other investment property loans, but they offer flexibility and speed.

How to Get an Investment Property in Wisconsin

To start investing in Wisconsin real estate, follow these steps:

1. Define your investment strategy: Consider your goals, risk tolerance, and preferred property type. Do you want to focus on long-term rentals, short-term rentals, vacation properties, or multi-family buildings? Each property type will require a unique approach, loan type, and strategy.
2. Choose the right financing: Based on your investment strategy and financial situation, select the investment property loan that best fits your needs. Griffin Funding offers a wide range of options to suit various investor profiles.
3. Find a property and apply for financing: Work with a real estate agent to look for properties that match up with your investment criteria, then apply for financing with Griffin Funding. Our streamlined application process and expert guidance make securing your investment property loan simple and efficient.

Why Choose Griffin Funding?

Griffin Funding is committed to helping Wisconsin real estate investors achieve their goals. As your investment property lender in Wisconsin, we offer:

• Extensive experience: Our team of mortgage experts has a proven track record of helping real estate investors find the right loans and succeed.
• Flexible solutions: We provide a wide array of investment property loans, each tailored to meet the unique needs of our clients.
• Personalized service: Our dedicated loan officers work closely with you to understand your goals and provide customized recommendations.
• Competitive rates: We give borrowers competitive interest rates and terms to help you maximize your return on investment.

Get Pre-Approved for a Wisconsin Investment Property Loan Today

Don’t miss out on the opportunities in Wisconsin’s thriving real estate market. Start investing in real estate today with the help of Griffin Funding.

Take advantage of our innovative tools, like the Griffin Gold app, which allows you to easily manage your real estate portfolio from your mobile device, making it more convenient than ever to track your investments and stay on top of your financial goals.

Contact Griffin Funding today to get pre-approved for a Wisconsin investment property loan.