TIC 2-unit Owner Occupied Property Loan

If you are considering purchasing a condo or you are a first time home-buyer looking for a way to enter the real estate market, a TIC (Tenants in Common) Property Loan may be a great option for you. With a TIC property, each unit tenant is a percentage owner in the property. For example, with Tech CU's TIC 2-unit Owner Occupied Mortgage, two individuals could purchase a duplex where each one would live in and own their own unit.

Since ownership in one unit costs less than a comparable condo, a TIC Mortgage provides an affordable alternative for renters looking to make the jump to ownership. This is an especially popular option in cities where condo conversion is restricted, such as San Francisco.

• Available on 2-unit owner occupied properties in California
• Property is owned by a group of individuals ("Tenants in Common"), in percentage shares
• Loan amounts up to $3,500,000
• Variable and fixed rates available

For more information on TIC Mortgage loans or to apply for one today, please contact a Mortgage Consultant.