Question 1

What down payment do I need for an investment property in Burlingame?

Accepted Answer

Most lenders require 15-25% down on investor properties. The exact amount depends on your credit score, property count, and loan program.

Question 2

Can I use rental income to qualify without showing W-2 earnings?

Accepted Answer

Yes, DSCR loans qualify you based solely on property rental income. Your personal employment and tax returns don't factor into approval.

Question 3

How fast can I close on a fix-and-flip property?

Accepted Answer

Hard money and bridge loans typically close in 10-15 days. You'll need a detailed rehab plan and contractor quotes ready at application.

Question 4

Do lenders have limits on how many investment properties I can finance?

Accepted Answer

It varies by lender. Some cap you at four financed properties while others handle 10+ with strong reserves and credit.

Question 5

What credit score do I need for investor financing?

Accepted Answer

Most programs require 620+ credit. Some portfolio lenders go lower but charge higher rates and require larger down payments.

Question 6

Are interest rates higher on investment property loans?

Accepted Answer

Yes, investor loans typically run 0.5-1.5% higher than owner-occupied rates. Exact pricing depends on down payment, credit, and property count.

Investor Loans in Burlingame: Finance Your Next Rental or Fix-and-Flip