Investment / Rental Property Loans

Residential Investment Property Loans / Rental Property Mortgages

vacationhomeResidential Investment Property home loans are different from other home loans due to their occupancy status. They are also known as Investment Property Loans. They do require a larger down payment than normal, 20% is the current minimum. The rates are higher than an owner occupied loan due to risk factors that banks charge so you should not be surprised to see a rate that is higher than you would get normally for an owner occupied purchase or refinance. The fees may also be a little bit higher as well due to risk pricing.

Most investors are in the market for the long haul and want to make sure their properties “cash flow” lenders want to see this as well. This is a function of the rental income being more than the mortgage payment (PITI*) so you don’t have to “feed” the loan payment. Worst case scenario it may be a break even payment to rent situation. This is not the same as your tax situation – which you should discuss with your tax professional.

Conventional loans that you would use to buy your owner occupied home are available for your rental property as well. When we go over your financial situation we can discuss the impacts of the different types of loans on your overall goals.


View our Disclosures page for details.

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Word on the Street...

"We had gone through the mortgage process roughly a year and a half ago, but were unsatisfied with the service the USAA provided us. They threw an unexpected curveball at us very late in the process that had us giving them another $25,000 to close on our home. Due to falling interest rates, as well as a desire to get that cash out to do some home improvements, we were interested in refinancing our home. Theresa knew how to walk my wife and I through the process -- we were completely blown away by how professional and knowledgeable she was. I am referring as many people to Theresa in the course of my business as possible. You probably get these kinds of e-mails all the time, but I thought I would let you know of how satisfied my wife and I were with Theresa." -- Mark L.

Testimonials appearing on this site are individual experiences from those who have worked with Theresa Springer. They are individual results and results may vary.