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Purchase or refinance in New Jersey, New York and Connecticut


Whether you are ready to purchase a new investment property or refinance an existing one, Affinity has a solution to meet your individual borrowing needs. We offer competitive mortgage solutions on 1-4 family investment properties for both individual owners and business entities in New Jersey, New York and Connecticut. We’ll help guide you through our mortgage options and their varied benefits to help you determine the best solution for your individual or business goals.


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Competitive Rates

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Term Options

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Experienced Mortgage Lender

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Local and Invested in Your Community

Looking for a mortgage on a 1-4 family investment property?
Don’t go to a bank.

A lot of banks do not offer 1-4 family financing options for smaller properties or individual owners. Good thing we’re not a bank. Affinity is a credit union – a not-for-profit financial cooperative that exists to serve members because we’re owned by our members. So, we work harder to provide the lending services you need, including 1-4 family investment property financing options. If you’re looking for a partner to help you take the next step forward, you’ll find it with us.

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One of the options Affinity offers are Fannie Mae investor loans. If you are an individual investor interested in financing a 1-4 Family investment property in New Jersey, New York or Connecticut, then a Fannie Mae loan may be a good option for you. Affinity offers fixed rate Fannie Mae loans based on availability, pricing and credit qualification that offer terms similar to a residential mortgage for these types of investment properties.

You can apply now for a loan by clicking the button below and selecting “Investment/Rental Property” in the application under the Property Use field.

Apply Now


Don’t meet the requirements for a 1-4 family Fannie Mae loan or still unsure of which 1-4 family loan option may best suit you and your investment property? Complete the form below and an experienced commercial loan officer will contact you to advise you on your loan options.

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General Mortgage Questions
How do I apply for a mortgage?

If applying for a Fannie Mae investment mortgage, you can complete your application online. To apply for a commercial loan, please contact a Commercial Loan Officer. While you do not need to be an Affinity member to apply for a mortgage, you will need to join Affinity prior to closing.

Is there a fee to start the mortgage application process?

There is no fee to begin your application. Other fees, terms and conditions may apply and will vary depending on the mortgage solution you decide on for your investment property and individual situation.

Applying for a mortgage on a 1-4 Family investment property

Can I get financing on a 1-4 family investment property with Affinity if the property is outside of the tri-state area?

No. Affinity’s 1-4 family investment property mortgages are available only for properties located in New Jersey, New York and Connecticut.

What are some of the ways that I can use a 1-4 family investment property mortgage?
  • Purchase a 1-4 family property to rent.
  • Take cash out to be used towards purchasing another rental investment property.
  • Refinance for better terms, and possibly cash out, on an existing 1-4 family rental property.
  • Take cash out to renovate an existing 1-4 family investment property.
  • Purchase a vacation rental home that will be rented out for 14 or more days per year.
How do I know if an Affinity 1-4 family mortgage is a good option for me?

If you are an individual property investor or a business owner interested in purchasing a 1-4 family property, including a single-family home, duplex, triplex or quad in New Jersey, New York or Connecticut with the intent to rent the units out for investment income, this type of mortgage could be a good option for you. Or, if you currently own a 1-4 family investment property, we have refinancing and cash-out options available to you as well.

What is the maximum amount I can borrow with a 1-4 family mortgage on an investment property?

Every loan is unique and a variety of factors are considered — including cash flow, creditworthiness, and loan-to-value (LTV) — to determine the best solution for your situation. For individual owners to qualify for a Fannie Mae loan, the maximum loan amount must comply with Fannie Mae guidelines. You can find the specific loan limits for 2024 here. Our lending specialists will help guide you to the best solution for your particular loan needs.

Is the rate on Fannie Mae loans fixed or variable?

If a Fannie Mae product is the best option for you, you will benefit from a fixed rate, similar to a residential fixed mortgage. Other commercial loan options may have rates that adjust at years 5 or 10.

What are Affinity’s 1-4 family mortgage loan requirements for an investment property?

Affinity offers both Fannie Mae investment mortgage products and traditional commercial loans for 1-4 family properties. To be eligible for a Fannie Mae fixed rate product, the loan must be in an individual name and not a business entity for a property located in the state of New Jersey, New York or Connecticut. Standard requirements, such as cash flow, loan-to-value (LTV) and creditworthiness apply to all programs. If you are an individual, but do not meet the Fannie Mae guidelines or are a business entity, speak with one of our loan officers. Our lending specialists will help you explore other commercial loan options to meet your needs.

How do I access a Fannie Mae loan application that I started online or check the status of my application?

If you have applied for a Fannie Mae loan, you can check on or continue filling out a saved loan application by following this link. For any additional questions or to find out the status of your commercial loan, please contact your loan officer.

Joining Affinity Federal Credit Union

Joining Affinity Federal Credit Union

Almost anyone can be a member of Affinity! We have relationships with over 2,000 businesses, associations, and clubs, and you can join Affinity through your association with one of them.

If you are not eligible through one of these paths, you have the option to join Affinity by making a one-time $5 donation to the New Jersey Coalition for Financial Education or the Connecticut Jump$tart Coalition.

What is the fee to join?

With Affinity you are more than a member, you are part owner. Affinity is owned and controlled by members who use its services. This ownership happens when you establish your $5 membership account, which gives you one par value share in Affinity. This is not a transactional account, and these funds will not earn dividends. The account must remain open and funded with the $5 during your membership with Affinity.

Is my money insured?

Yes, your money is safe at a credit union. Affinity is a federally insured credit union, which means that all deposits are protected by the National Credit Union Share Insurance Fund, with deposits insured up to at least $250,000 per depositor. Additional information can be found here:

Where is my closest branch location?

Our digital tools, such as the Affinity Mobile Banking App and Online Banking, make it easy to manage your account and deposit checks from anywhere at any time. You can also view our branches, shared branching locations and ATMs by visiting

What is the difference between a credit union and a bank?

Credit unions, unlike banks, are based on a cooperative or “co-op” model in which the customers (or, as we call them, “members”) are also the owners. This is the biggest difference between credit unions and banks. While a bank is a for-profit company that distributes profits among shareholders or individual owners, a credit union is a not-for-profit institution “owned” by its members. Therefore, you can think of credit union membership as buying a stake in an organization rather than paying somebody else in exchange for services.

Learn More.