What are the mortgage requirements for investment property?

1. Check Investment Property Loan Requirements Investment property mortgages typically have stricter requirements than mortgages for primary residences due to their higher risk of foreclosure and default. Most fixed-rate mortgages require at least a 15% down payment with a 620 credit score for an investment property.

Do you need an investment property mortgage?

When you buy an investment property, you need an investment property mortgage. The first thing to know is what other names these mortgages go by, so you know them when you hear them. A lot of consumers and real estate agents will call this kind of loan a rental property mortgage.

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.