Non-Recourse IRA Loans
FDIC – Insured – Backed by the full faith and credit of the U.S. Government IRA LOANS Grow your retirement fund by investing in real estate GET STARTED If you’re looking for a simple way to diversify your retirement portfolio an IRA loan might be a good fit. Eligible borrowers can use their self-directed IRA to expand investment options beyond traditional avenues into real estate. Find Out if You Pre-qualify for an IRA Loan. SouthStar Bank Offers an Easy Path to Self-Directed IRA Loans Borrow What You Need At SouthStar Bank, there is no minimum or maximum loan amount. Your loan is in the name of your IRA, and the amount you borrow depends on the value of your real estate investment. Single-family homes and condominiums (2-4 unit) are eligible for non-recourse IRA loans with SouthStar Bank. Keep in mind, the property must generate sufficient net operating income/cash flow that exceeds debt payments. Eligible borrowers will need to have a portion of the purchase price vested in a self-directed IRA. The actual down payment for your non-recourse IRA loan will depend on the property you purchase, condition, and expected cash flow. SouthStar Bank typically requires a minimum down payment of 40%. Competitive Interest Rates SouthStar Bank offers competitive interest rates on self-directed IRA loans. You’ll find adjustable rates to meet your investment needs. If you’re worried about how your credit score will affect your application on an IRA loan, relax. Unlike traditional loans, you can qualify for an IRA loan, even if your credit score isn’t perfect. How is this possible? Simple. Your credit isn’t a determining factor because the loan isn’t made in your name. Instead, it’s made in the name of your self-directed IRA. Limit Your Liability One of the best features of a self-directed IRA loan with SouthStar Bank is that it is considered non-recourse, meaning your remaining assets aren’t at risk. The loan is made directly to the IRA, not to you as the account holder. Your credit history isn’t a factor, yet you’re still able to purchase an income-producing property. A non-recourse IRA loan lets you invest in real estate without jeopardizing your finances. If you default on your loan, you’re not personally responsible for repaying the loan. And, the remaining IRA funds and other assets you own are protected. Grow Your Retirement Fund by Investing in Real Estate If you don’t already have a self-directed IRA, you can open one or transfer an IRA into a self-directed IRA. When you convert a standard brokerage-managed IRA to a self-directed IRA account, you open the door to a more diverse range of investing options. You also can grow your retirement fund by getting higher returns through investing in real estate. Repayment Terms That Work for You At SouthStar Bank, we match you with lending terms that fit your finances. We offer adjustable-rate lending based on a 30-year term, and you’ll never have to worry about a prepayment penalty. This is your loan, and you can repay […]