They can be. While some lenders treat single-family rentals as residential loans, many commercial lenders classify them as commercial when the property is held in an LLC, part of a portfolio, or financed based on cash flow rather than personal income.
Most single-family investment loans require 20% to 30% down, depending on borrower experience, credit profile, and rental income stability. Portfolio or blanket loans may have different leverage requirements. Many lenders will also offer up to 90 or 100% of rehab if it's a fix and flip.
Yes. Borrowers with multiple properties may qualify for portfolio or blanket loans, which allow several properties to be financed under one loan structure. This can reduce closing costs and simplify management.
A lease is not always required, but having one strengthens the loan request. If no lease exists, lenders typically rely on market rent estimates, which may result in more conservative underwriting.
Closings typically take 30 to 60 days, depending on lender type, property condition, and documentation requirements. Having said that, our fastest single family loan closed in less than a week from intake to closing, so quicker can be possible.
