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Interest Only Mortgage

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Real Estate Investor


Income Property Mortgage

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

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

Income property mortgage products sold to Fannie Mae or Freddie Mac require a down payment ranging from 10% to 25% with an income property mortgage fee ranging from 1.5 to 3 points. Please understand that these income property mortgage fees are imposed by Fannie and Freddie and are not charges from either your lender or your broker. However, the income property mortgage fee allows using conventional rates and loan limits. These conforming income property mortgage loans are available as either fixed rate or an ARM income property mortgage. Even with the income property mortgage fees, these loans can be a good choice if your goals are to maximize income and you plan to hold the income property for a 3 to 5 year period. Ratios are normally 28/36, but with automated underwriting, Excellent credit and some liquid reserves, it is not uncommon to see back ratios in the middle 40s. Rental income is decreased by a 25% vacancy factor but there are underwriting methods which eliminates this issue for experienced investors.

The Income Property Mortgage Specialty program (actually a growing group of investment property loan 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 income property mortgage is available. Available as a fixed or adjustable rate in many reduced down payment scenarios.. 

NEW! 100% investor 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. We finally have a source of financing that will allow you to acquire property with limited out of pocket costs.


Learn more about income property mortgage closing costs.

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

Limited and No Documentation loans are now available.

If the building you are looking at contains 5 or more units, you need commercial loans. We can still help you with your financing needs.

If you are looking at foreclosure property as an investment, I have a free report available by email.

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 Income property mortgage.

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

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.


Income Property Mortgage Prequalify for your Income Property Mortgage.

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Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage