Not every investment property loan is the same. Here are your five main options:
1. Conventional (best rate)
15-25% down, rate around 6.5-7%Need W-2/tax return income to qualifyMax 10 financed propertiesBest if: you have strong W-2 income and fewer than 10 properties
2. DSCR (no income docs)
20-25% down, rate around 7.5-8%Qualify on rental income onlyNo property count limit, can close in LLCBest if: you're self-employed or own 5+ properties
3. Bank Statement (self-employed)
10-20% down, rate around 6.5-7.5%12-24 months of deposits as incomeBest if: you're self-employed and buying a primary or second home
4. HELOC (use existing equity)
Tap equity from another property for your down paymentVariable rate ~8-9%Best if: you have equity sitting idle and want to leverage it
5. Hard Money / Bridge (speed)
Higher rates (10-12%) but close in daysBest if: you're flipping or need to close fast and refi later
Most investors I work with use a mix. DSCR for the rental, HELOC for the down payment. I'll map the best strategy for your portfolio.
(805) 801-1380 | ryanptm.com
Ready to talk numbers?
Free consultation. No commitment. I'll run your scenario and give you a straight answer.
