YOUR QUESTIONS / 6 ANSWERS
Rental & Investment Property Mortgages
Practical answers to help you prepare for a conversation about your mortgage.
Can you help me finance a rental property?
Yes. I can review financing for residential investment properties, subject to lender, property and borrower eligibility.
How much down payment is required for a rental property?
Pure rental properties generally require at least 20% down, and some properties or borrower profiles may require more. Owner-occupied properties with legal rental units can be treated differently under specific programs.
Can rental income help me qualify?
Yes, lenders may use a portion of actual or market rental income, but calculation methods vary significantly. Lease agreements, tax returns, appraisals or market-rent schedules may be requested.
Can I use equity from my home to buy an investment property?
Potentially. A refinance, HELOC or other equity strategy may provide funds for the down payment, subject to qualification and loan-to-value limits.
Can I finance multiple rental properties?
Yes, but qualification can become more complex as the portfolio grows. Lenders may review global cash flow, rental statements, taxes, mortgage balances and the performance of each property.
Are mortgage rates higher on rentals?
Rental-property pricing can differ from owner-occupied pricing, depending on the loan-to-value, lender and product. Mortgage insurance and lender policy also affect available rates.
General information, not an approval, rate offer or personal legal or tax advice. Mortgage options depend on the lender, insurer, property and application. Government programs and lender requirements can change.
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