Trying to find great non-owner-occupied (rental/investment property) financing can be a challenge.
Many lenders charge high rates and fees, want two years of tax returns, and need the property to be in great shape.
Today’s investment property loans are easier. Conventional loans are available, but also Debt Service Coverage Ration (DSCR) loans, hard money, fix and flip, construction, and others. These loan types suit a wider array of transactions and strategies.
We specialize in helping residential rental property investors.
Move quickly to purchase available property with flexible loan qualifications
If needed, add the cost of repairs, renovations, and additions to the loan.
Better rates and lower fees mean more cash flow from your property.
Non-owner-occupied loans for real estate investment properties are available for a range of scenarios. Whether you want to purchase and maybe even renovate a property to sell for a profit or to rent out to earn rental income, you may be able to finance both the purchase and any renovation or construction needs with an investment property loan.
This allows real estate investors to complete projects within necessary timelines, pay back financing or refinance the property, and ultimately profit from the investment.
With flexible qualification requirements that apply to multiple property types, you can secure a loan based on the value of the property, rather than your income, employment, and other personal finance considerations.
Non-owner-occupied loans for real estate investment properties are available for a range of scenarios and various property types, including single-family, multi-family, and mixed-use properties.
Whether you want to purchase and maybe even renovate a property to sell for a profit or to rent out to earn rental income, you may be able to finance both the purchase and any renovation or construction needs with an investment property loan.
If your situation qualifies, investment property lenders work with you so you can move quickly to purchase a property. This allows you to begin profiting from the investment, which also helps you pay back financing.
Although your personal income isn’t considered for financing, you will need to share your credit score to get approved for an investment property mortgage.
The minimum requirements vary depending on the situation and can be more flexible than standard banks allow. In many cases a credit score of 680 or higher is often best.
Residential investment property loans provide financing for a range of specific investment purposes.
They can cover the costs of purchasing a property and building, renovating, or repairing it to ultimately profit from the improved value of the property by selling it or renting it.
For this reason these loans are offered with various term lengths and other options, meant to cover the timeline and needs of your investment.
With flexible qualification requirements based on the value of the property or even its potential cash flow, these loans are often more accessible than conventional loans.
Standard loans require certain income and other documentation related to the borrower’s personal finances rather than focusing on the property itself.
Fortunately, unlike most traditional mortgages, it’s possible to get an investment property loan using your business rather than having to finance the loan in your name personally.
Investment property lenders offer flexible qualification requirements and loan options that are meant to meet the needs of your specific real estate project and goal. This means you don’t have to fit into strict, traditional rules to receive the financing you want.
There are closing costs associated with processing any loan, and the costs of investment property loans are often comparable to conventional mortgages.
They include costs for the lender to service the loan, as well as an appraisal, and other fees.
You’ll also typically need to make a down payment that will be paid at closing. The down payment amount will depend on the specific details of your investment.
