Investment property loan types

Type of loans: (a) Owner occupied: FHA loans for 1-3 units : property must be in function conditon per hud guidleines Usually 3.5 % down or more based on lender. (b) Owner occupied FHA rehab loans: property requires 12K-35K (streamline) loans or Full 203K loans. Usually 3.5% down or more, check with lender. (c) Commercial loans for investors or owner occupants of mixed use, all investors purchases over 4 residential units. Usually 10 to 50% down depending on lender, buyers credit, and property condition. (d) Hard money private lenders or investors. Lender sets deposit amount and terms. Remember if you have other investment property or are self employed you need current profit and loss statements for each business or property. Also lenders may cap the number of properties that you maybe able to purchase under each entitys name.