With the Houston real estate market heating up, many investors are looking to expand their rental portfolios. So I recently met with Damon Sorrell of Academy Mortgage to gain some insight into the investment loan products he and his company offer.
According to Damon, Academy Mortgage offers loan products for investors of all experience levels. This includes those who are investing for the very first time, as well as those who have been investing for years.
And with Academy Mortgage, investors can qualify for a loan with a credit score as low as 620 and can submit a down payment of just 20%. Investors can also take out as many as 10 loans at a time.
All you’ll need to provide to apply for a mortgage is a passport or valid ID, your tax returns, proof of income, and bank statements. These documents can be faxed, submitted online, or delivered in person.
To apply or get in touch with Damon, you can call him at (832) 956-6000 or visit www.damonsorrel.com.
As always, if you have any other questions or would like more information from me, feel free to reach out. I look forward to hearing from you soon.