Investment Property Loans
Buying a rental home? Mark has loans made for real estate investors.
Who This Fits
These loans are for people who buy homes to rent out. You might be buying your first rental or adding to a group of homes you already own.
Your Choices
- Conventional investment loans: for single-family homes, duplexes, and small multi-family homes.
- Commercial loans: for bigger buildings, like apartments.
- Investor cash flow loans: qualify based on the rent the property brings in. No debt-to-income limit, and no cap on how many homes you own.
Basic Requirements
These are general guidelines. Each lender has its own rules, and programs can change.
- Down payment: rentals usually need more down than a home you live in.
- DSCR loans: "debt service coverage ratio" loans look at whether the rent can cover the payment. These are non-QM loans.
- Reserves: lenders often want savings set aside.
- Local rules: check city rules before buying a short-term rental.
How It Works
- Talk: Mark learns your investing goals.
- Compare: he matches loans to your plan.
- Apply: he helps with the papers.
- Property review: the lender looks at the home's value and rent.
- Close: Mark handles the details.
Questions People Ask
What is a DSCR loan?
It is a loan where the lender looks at the rent the home brings in compared with the payment. Your pay stubs matter less.
Can I use a conventional loan for a rental?
Yes, conventional loans can be used for rentals. The down payment is usually higher than for a home you live in.
Can I buy a duplex and live in one side?
Yes. FHA, VA, and conventional loans can work for a 2 to 4 unit home if you live in one unit.
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All loans depend on credit, income, and property review. Not everyone will qualify. Programs can change. This is general information, not a loan offer. Mark Jost, NMLS #150914. Heathrow Mortgage, Company NMLS #1849599. Equal Housing Opportunity.