Investment property financing has different considerations.
Rental and non-owner-occupied property financing can involve different down payment, reserve, income, and property requirements than a primary residence loan.
- Rental income and cash flow discussion
- Reserve and down payment planning
- Property type and occupancy review
- Long-term investment goal conversation
Run the numbers before making assumptions.
A useful review should look beyond the monthly payment and include cash-to-close, reserves, projected rent, property expenses, and financing tradeoffs.
- Compare purchase price and payment estimates
- Discuss rental income treatment
- Review closing costs and reserves
- Consider multiple financing scenarios