Income Property Financing

Income property financing is my specialty. I am an experienced income property investor myself and I have developed extensive knowledge of the underwriting requirements for financing income property. For experienced income property investors, there are depreciation and expense treatment methods which improve your ratios. For new income property investors, there are programs allowing investment in income property with lower down payment requirements.

Income property financing programs fall into two categories: Fannie & Freddie and our Investor Specialty Programs.

Income property financing sold to Fannie Mae or Freddie Mac require a down payment ranging from 10% to 25% with an income property financing fee ranging from 1.5 to 3 points. Please understand that these income property financing fees are imposed by Fannie and Freddie and are not charges from either your lender or your broker. However, the income property financing fee allows using conventional rates and loan limits. These conforming income property loans are available as either fixed rate or an ARM income property financing. Even with the income property financing fees, these loans can be a good choice if your goals are to maximize income and you plan to hold the property for a 3 to 5 year period. Rental property income is decreased by a 25% vacancy factor but there are underwriting methods which eliminates this issue for experienced investors.

The Income Property Financing Specialty program (actually a growing group of income property programs) allows purchase or refinances with only 5% equity. The program allows up to 20 properties plus your home. Available up to $1,000,000 and 2-4 unit properties are acceptable. Ratios are generally 34/40 and a No Documentation program is available. Available as a fixed or adjustable rate in many reduced down payment scenarios. Learn more about the power of interest only income property financing.

100% income property financing is now available with fairly reasonable rates. These programs have been available for a while, but at extremely high rates compared to market rates.

Learn more about income property financing closing costs.

In 2008, Short Sales are where most of the action in real estate is. Learn more about Short Sales

I have a page on how to calculate your qualification ratios.

I have a page on documentation requirements.

Limited and No Documentation loans are now available.

If the building you are looking at contains 5 or more units, you need commercial loans.

If your interest is in foreclosures as a real estate investment, visit my foreclosure page for information and links to other resources.

If you are looking at foreclosures as an investment, I have a free report available by email. Request a Good Faith Estimate before you apply.

Here are my thoughts on the difficulty of "flipping" income properties.

For the the greatest flexibility and maximum loan qualifying ratios, you may be interested in the Cash Flow ARM. This may be the very best option for an investor.

New! I have added a page on how to properly compare different investment property that may be helpful to you

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As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.

Prequalify for your Income Property Financing

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