Buying an investment property is an exciting endeavor for both first time buyers and seasoned investors. Although it takes ample planning, buying an investment property is a great way to create an ongoing source of passive income. When applying for a loan for a rental property, you can use your estimated rental earnings to qualify for a mortgage based on the prospective rent you’ll collect from tenants.
Whether you’re an experienced real estate investor or a first timer, it would be wise to partner with a mortgage broker to evaluate the different types of investment property loans and determine which one makes the most sense for your particular situation.
Investment loan options include:
*With these loans, the borrower must live in one of the units of the multi-family home and can rent out additional units.
Our loan officers are certified in New Hampshire, Massachusetts, Maine, Vermont, Connecticut, Rhode Island, North Carolina, Colorado, Texas and Florida. You will benefit from having a trusted contact that can guide you through the many mortgage options and how they can differ from state to state.
