Buy An Investment Property
Looking to generate income from real estate?
Find out your loan options and what makes the best financial sense for you.
Will your plan work with your budget?
What you need to know
|Expand Which loans are available for investment properties?|
Residential investment property mortgages differ from primary home mortgages in four key areas:
Downpayment: Investment property mortgages usually require a larger downpayment.
Interest Rate: Investment property mortgages usually have higher rates.
Loan Underwriting: Residential investment property mortgages may be underwritten differently than properties that are owner-occupied.
Property Size: At TD Bank, residential mortgages for investment properties are for buildings with 1 – 4 units. If you're interested in a building that is mixed-use, commercial or more than 5 units, you may need to consider commercial financing for your mortgage needs.
You can learn more about your best loan options and get a realistic price range for your search when you talk to your TD Bank mortgage advisor to get prequalified.
|Expand What if I live in a different state from where I'll be buying my investment property?|
If your investment property is in a different state, keep in mind that your lender must be authorized to lend in that state. TD Bank operates in 15 states from Maine to Florida – find a TD Bank near your property.
Have questions? Ready to apply? We're here.
Talk to a mortgage advisor at 1-800-822-6761