Investment property loans help you purchase homes to rent out for extra income or to flip and sell for a profit. These loans typically have higher barriers to entry than traditional mortgages — and higher interest rates. Always shop around to find a lender that offers the most competitive rental property loans.
Keeping this in view, can I rent out my house without telling my mortgage lender?
Can I Rent Out My House Without Telling My Mortgage Lender? Yes, you can. But you’ll probably be violating the terms of your loan agreement, which could lead to penalties and immediate repayment of the entire loan. So before you decide to rent out your property, you must inform the lender first.
Then, how much do you have to put down on an investment property?
If you finance the property as an investment property, you’ll typically need at least 20% down. Fannie Mae’s minimum lending standards allow single-family investment property loans with as little as 15% down, but this jumps to 25% for multifamily properties.