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Mad City Home Loans

チャンネル登録者数 12人

29 回視聴 ・ 0いいね ・ 2024/10/04

how can you qualify for a loan on a rental property

🏡 Thinking of investing in a rental property? Here’s what you need to qualify for a loan! 📈

Lenders typically look for:
💳 Strong credit score (usually 620+)
💰 Higher down payment (often 15-25%)
📑 Proof of income to ensure you can cover the mortgage (rental income might count too!)
📊 Debt-to-income ratio under 45%
💼 Solid savings for emergencies or repairs

While the requirements can seem a bit more stringent than for a primary residence, investing in a rental can be a great way to build wealth over time! 🌟

👉 Let’s chat today about how I can help you qualify for your next investment property.

#RobMillerProVisor #RentalPropertyLoans #InvestmentProperty #RealEstateInvesting #MadisonRealEstate #MortgageMadeSimple #WIHomeLoans

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