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.

How do I get an investment property loan?

When it comes to getting an investment property loan, you have a few options: Many banks, such as Bank of America and Wells Fargo, offer investment property loans. Whether you’re buying a single-family home or a multi-family dwelling, you can get a conventional mortgage or government-backed mortgages from most major banks.

What is investment property?

But investment property most commonly means buying a home that you don’t live in, but instead rent out. Let’s take a look at the key things you need to know about buying and financing investment property. When you buy an investment property, you need an investment property mortgage.