Loan program · Investment
Conventional Investment Property Loans
Conventional financing is available for 1 to 4 unit investment properties. You qualify with personal income and debt ratios, and documented rental income from the subject property may often be used to help you qualify. Pricing includes investment property adjustments.
Who it is designed for
- Investors early in their portfolio who still qualify on personal income
- Buyers who prefer agency pricing over DSCR pricing
- Investors purchasing 1 to 4 unit rentals
Eligible occupancy types
- Investment property
Down payment or equity
Investment property down payments are higher than primary residence financing and increase with unit count.
Major benefits
- Generally lower cost than non agency investment financing
- Rental income from the subject property may support qualification
- Fixed rate terms widely available
Important considerations
- Your personal debt to income ratio must still work
- Limits apply to the number of financed properties
- Reserves are required and grow with the number of properties owned
How qualification generally works
- Full income documentation and debt to income analysis
- Reserves for the subject property and other financed properties
- Appraisal with rent schedule when rental income is used
Documents commonly requested
- Photo ID and Social Security number for each borrower
- Most recent pay stubs covering a full 30 day period, if you receive W2 wages
- W2s and/or federal tax returns for the most recent years requested
- Two months of asset statements for accounts used for down payment and reserves
- Current mortgage statement, homeowners insurance and property tax information on properties you own
- Explanations for large or non payroll deposits
- Leases and, when applicable, Schedule E from prior tax returns
Frequently Asked Questions
Related programs and next steps
DSCR Loans
Investment property financing qualified on rent, not personal income.
Learn more CoreConventional Loans
The most widely used financing for primary homes, second homes and rentals.
Learn more RefinanceInvestment Property Refinance
Restructure or pull equity from rental property you already own.
Learn moreConsidering conventional investment property loans?
We will review your documents, compare the realistic options, and give you a written preapproval you can use with confidence. Nothing on this page is a commitment to lend.