Residential Investment Loans Explained: From Eligibility to Approval
Investing in real estate can be a powerful way to build wealth, but for most investors, purchasing properties outright isn’t financially feasible. That’s where residential investment loans come into play. These loans are specifically designed to help investors purchase, refinance, or renovate residential properties for rental income or resale. In this comprehensive guide, we’ll break down everything you need to know about residential investment loans and rental portfolio loans, from eligibility requirements to the approval process. What Are Residential Investment Loans? Residential investment loans are a type of financing tailored for individuals or businesses looking to invest in residential real estate. Unlike traditional home loans meant for primary residences, these loans are specifically designed to fund properties intended for rental income or flipping. Common uses for residential investment loans include: Purchasing single-family homes, duplexes, or multi-family units. Refinan...