Investment Property Loans

Investment property mortgage rates are based on a series of factors, such as the number of units, whether it is owner-occupied, the downpayment amount, and the owner’s credit-worthiness. If you are interested in owning rental homes and investing on property, our Mortgage Experts would be happy to help you determine the best loan for your situation. You can begin the application process online, call 1-855-468-7318, or contact one of our Mortgage Loan Officers to learn more.

Yes, you can use a  Home Equity Line of Credit (HELOC) or  Home Equity Loan to buy an investment property, but there are certain factors and considerations to keep in mind. To use a HELOC or Home Equity Loan for purchasing an investment property, you need to have sufficient equity in your primary residence. Every individual's financial situation is unique, and it's important to make informed decisions based on your specific circumstances.

Our loan options are suitable for various investment property types, including residential rental properties, commercial properties, and multi-unit dwellings. Call 1-855-468-7318 or contact one of our  Mortgage Loan Officers to learn more. If you are investing on property with 5 or more units, you would need a commercial rental property and would need a  commercial loan. We can help you finance these investments too. Call 1-855-696-4352 to get started, or schedule an appointment online.

A rental property is any property that you own for the purpose of subletting for additional income. It can be managed by a rental company, be owner occupied or the owner doesn't need to live there at any time. We can help you determine what kind of loan you need for your property. Simply call 1-855-468-7318 or contact one of our Mortgage Loan Officers to learn more about owning rental homes.

In the context of investment property, a "unit" typically refers to a separate and self-contained living space. It can be an individual apartment, condominium, townhouse, or any other distinct living area that is part of a multifamily or multiunit property.

For example, in a duplex, each side of the building could be considered a separate unit. In an apartment building, each apartment would be considered a separate unit. In the case of a multiunit property, like a fourplex, there would be four individual units, each with its own living space and often its own amenities.

Investors often purchase properties with multiple units as they can generate rental income from each unit, potentially increasing overall cash flow compared to single-unit properties. Rental property management can be a great source of income.

If you are investing in property that has 5 or more units, this is considered a commercial rental property and would need a commercial loan. Midland States Bank can also help you finance these investments. Call 1-855-696-4352 to get started.

Real estate investing for beginners can seem intimidating, but our Mortgage Experts are here to guide you through every option available, assisting you in finding the perfect funding solution for your unique situation. From the beginning of the buying process to handing you the keys to your new property, we'll be by your side, answering your questions every step of the way. Your journey to rental property management starts with us as soon as we receive your call!