Investment-Property Financing
Investment-property loans finance homes held for rental or resale. Guidelines, pricing, and down-payment expectations typically differ from primary-residence financing.
General potential benefits
- Supports rental and portfolio strategies
- Multiple structures may be available
General considerations
- Down payment and reserve expectations are usually higher
- Rental income treatment varies by lender
Common eligibility factors
- Reserves
- Experience with rental property in some programs
- Credit profile
- Property type
Possible costs
- Standard closing costs
- Possible pricing adjustments for occupancy
Questions to ask a mortgage professional
- Which loan programs am I likely to be eligible for, and why?
- What documentation will you need from me, and when?
- How do the estimated closing costs compare between programs?
- How would a change in my down payment affect my monthly payment?
- What would change if my credit profile improves before closing?
Readiness checklist
- Prepare documentation of reserves
- Model vacancy and maintenance in your own budget
Frequently asked questions
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This guide is educational. Eligibility factors described here are common considerations, not universal or guaranteed requirements. Nothing here is a loan offer, an approval, or a rate commitment. A licensed mortgage professional must verify actual terms.