Buy Investment Property

Investment Properties

There are variations between acquiring a mortgage for a primary house and for an investment property.

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While some loans offer down payments as low as 3 percent for a single-family primary residence, the down payment required for a single-family investment property could be as high as 15 percent. Minimum down payments for multifamily investment properties may reach 25%.

A lender may require a credit score of 620 or higher to qualify for a mortgage on an investment property, and interest rates on these loans are often higher. Lenders perceive borrowers to be more likely to default on an investment property if they experience financial difficulties than on their primary residence.

As you would when seeking a mortgage for a home, you should compare rates and fees from different lenders to discover the best deal.