An investment property earns a profit for its investor. Investment property loans are a tool for an investor to maximize their returns by leveraging the down payment, the length of the payback terms, and the interest rate.
Can a VA loan be used on an investment property?
In order for a VA loan to be used on an investment property purchase, it must be a multifamily property no larger than four units, and the investor must live in one of the units. This is a key point, and if you don’t meet this criterion, the VA loan cannot be used for an investment property.
Where can I get a mortgage for investment properties?
But most buying investment properties turn to mainstream mortgage lenders, including banks. You can find some through our website using the Request a Quote service. You’ll soon find a question that asks whether you want the loan for investment purposes.