Rental Property Loans
Enjoy low rates and flexible terms when you choose WEOKIE for your rental property purchase or refinance.
Benefits of WEOKIE Rental Property Loans
Competitive Rates
We will work with you to secure the best rate possible and reduce your total borrowing costs
Expert Service
We've been proudly serving Oklahomans like you since 1969.
Features of Our Rental Property Loans
If you're considering buying a residential rental property, WEOKIE is your partner.
- Loans for purchase and refinance, including cash-out
- Competitive interest rates
- Flexible amoritizations up to 30 years
- Up to 80% LTV on all improved property
- Down payments start at 20%
- Easy and quick application process
Best of all, WEOKIE offers local servicing and expert guidance so you can secure the best rental property loan to achieve your goals!
Ready to take the next step?
Let’s grow your real estate portfolio.
Contact our Commercial Loan Department to discuss your options.
RACHAEL LLOYD
(405) 415-9219
Harrison Barbarick
(405) 415-9225
"I have been with Weokie Credit Union for 8 years. They have always been customer friendly and helpful."
Debra C., Oklahoma City, OK

Local service for local members
When you join WEOKIE Federal Credit Union, you become a part-owner and join our community of more than 60,000 members in the Oklahoma City area. We've been serving our membership since 1969 and know what you need and want.
If you're looking for a rental property loan, our experienced commercial loan department offers local, Oklahoma decision-making and in-house underwriting and servicing. Our loan process is streamlined for your convenience and we'll take the time to understand your unique needs.
LET WEOKIE KNOW WHEN YOU'RE READY TO BUY OR REFINANCE A RENTAL PROPERTY.
FAQ About Rental Property Loans
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How does a Rental Property Loan work?
A rental property loan is a type of mortgage that is specifically designed for investment properties. It allows real estate investors to purchase or refinance properties that they plan to rent out for income.
Here's how a rental property loan typically works:
- Application: The investor applies for a rental property loan with a financial institution or lender. The lender will evaluate the investor's creditworthiness and the property's potential to generate rental income.
- Property valuation: The lender will perform a property valuation to determine the market value of the property.
- Loan approval: If the lender approves the loan, the investor will receive funds to purchase or refinance the rental property.
- Rental income: The investor will collect rental income from the property, which can be used to cover the mortgage payments and other expenses associated with the property.
- Property management: The investor is responsible for managing the rental property, including finding tenants, collecting rent, and maintaining the property.
Overall, a rental property loan provides real estate investors with the funding they need to acquire or refinance investment properties. It's important to carefully consider the costs and risks associated with rental property investments before taking out a rental property loan.
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What rate will I get for my rental property loan?
The rate for a rental property loan varies depending on factors such as your credit score, current market rates, and amortization. Generally, rental property loans tend to have slightly higher interest rates compared to primary residence mortgages. To get a personalized rate quote, we recommend reaching out to our Commercial Loan Department which can guide you through the process and provide you with more detailed information.
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Why get a rental property loan?
Getting a rental property loan can be a smart investment for several reasons:
- Generate Passive Income: Owning rental property allows you to generate passive income through monthly rent payments, which can help you build long-term wealth.
- Diversify Your Investment Portfolio: Rental property is an excellent way to diversify your investment portfolio, which can help you minimize risk and achieve your financial goals.
- Appreciation: Over time, your rental property may appreciate in value, which means that it could be worth more than you initially paid for it. This appreciation can provide you with a significant return on your investment.
- Tax Benefits: Rental property owners can take advantage of various tax benefits, including deductions for mortgage interest, property taxes, and repairs and maintenance expenses.
- Leverage: Obtaining a rental property loan allows you to leverage your investment and purchase a property that you may not have been able to afford otherwise.
Overall, getting a rental property loan can be a smart financial decision for those looking to build wealth and generate passive income over the long term.
We are here to help.
If you can’t find what you’re looking for, let us know. We’re ready to help in person, online or on the phone.
Let WEOKIE help you find a great mortgage rate!
One of the hardest parts of buying a property is choosing the right lender. When you approach WEOKIE for a home loan, our experts are with you every step of the way so you can pick the perfect mortgage that fits your budget. We offer a variety of programs to help you find the right property, finance and close a loan, and insure your new home so you don’t have to worry.
At WEOKIE, we’re dedicated to providing the best Oklahoma home loan experience possible. That’s why we consistently offer lower rates and fees than competitors, award-winning service, and expert support when you need it. As a local lender, WE are here for you, so you can rest easy knowing that you can call when you need and receive quick, personalized, and local Oklahoma-standard service.
Need help or advice? Talk with a specialist
Complete THIS FORM and a rep will contact you
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Call us at 405-235-3030 or 1-800-678-5363
M-F: 8am - 5:30pm (CT) | Sat: 8am - 1pm (CT)
Check Out WEOKIE Business Credit Cards*
Business Card
Enjoy a low introductory rate over an extended term so you can boost your business's purchasing power. This card is ideal to pay off large items or to reserve as an emergency fund to keep your cash flowing.
Business Real Rewards Card
Earn 1.5X rewards for each $1 you spend on eligible purchases and get 2,500 bonus rewards after your first purchase! Redeem your rewards for a wide range of items and experiences.
Business Cash Preferred Card
Receive up to 3% cash back on eligible purchases including office supplies and phones. Plus, get 2% on things such as gas and restaurants and 1% on other spending categories.
Disclosures: Must meet membership and account criteria. Rate terms and conditions are subject to change. All loans are subject to credit approval and program guidelines. Lending terms vary by loan product and circumstances such as business ownership, annual revenue, collateral, etc.
* Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardholders must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply. The creditor and issuer of these cards are Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc.