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...

"Theresa guided us through the home loan process, and assisted us every step of the way. She is the ultimate professional with experience and a personable, caring attitude. Her knowledge and diligence made all the difference, and she kept us informed every step of the way! We felt very fortunate to have her expertise, and any home buyer would be lucky to have her on their team. Theresa went the extra mile to guide us through the requirements and options, and her whole team was very knowledgeable and responsive. Thanks for making this possible for us, we love our new home!" -- Ellen and Ross H.

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