Can you get a loan on an investment property?

Many banks, mortgage lenders, and other lenders are happy to lend on investment properties as long as you meet lending criteria, which are stricter than for your main home. In addition, investment property loans are easier to find when the economy’s doing well.

How do I get financing for my investment property?

Once you have decided that investing in real estate is right for you, done your research, and found a good deal, you need to consider how to secure financing for your investment property. Four types of loans you can use for investment property are conventional bank loans, hard money loans, private money loans, and home equity loans.

How do investment property loans work?

Investment property loans are a lot like ‘standard’ mortgages, provided you want to buy a home with 1-4 units. Verify your investment property loan eligibility. Start here The application and approval processes work the same way, and mortgage rates are usually less than 1% higher than for a standard mortgage.