
Mad City Home Loans
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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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