What property types are considered?

What Property Types Does Rental Home Financing Accept for Loans?

Rental Home Financing lends on a broad range of residential income-producing property types, from single-family rental homes to large multifamily apartment buildings. As long as the property generates rental income, is in habitable condition, and meets our underwriting criteria, it is likely eligible for our portfolio lending programs.

Our approved property types include:

• Single-family homes (1-4 units) -- individual rental houses, duplexes, triplexes, and fourplexes, including portfolios of mixed unit types
• Townhomes -- attached and detached townhouse-style rental properties
• Condominiums -- including non-warrantable condos that do not meet Fannie Mae eligibility requirements
• Multifamily apartments (5+ units) -- apartment buildings of any size, from small 5-unit walk-ups to 100+ unit complexes
• Section 8 housing -- properties with tenants receiving Section 8 Housing Choice Vouchers are fully eligible
• Other housing voucher programs -- most government-subsidized rental assistance programs are accepted under our guidelines
• Fractional condos -- non-warrantable condos that traditional lenders typically reject

Are There Any Lease Requirements for Eligible Properties?

We prefer properties with leases of 12 months or longer, or legacy tenants on month-to-month arrangements that demonstrate stable, long-term occupancy. Short-term leases are not automatically disqualifying, but our underwriting team evaluates lease stability as part of the overall cash flow analysis. A portfolio with a mix of long-term leases and a few month-to-month tenants is common and generally acceptable.

Properties do not need to be located in a single market. We finance portfolios spread across multiple cities and states within the contiguous 48 states, which gives investors the flexibility to build geographically diversified rental portfolios under a single blanket loan. Whether your properties are concentrated in one metro area or scattered across several states, we can structure a loan around your specific portfolio.

What About Mixed-Use Properties or Properties With Commercial Space?

Our programs are designed for residential rental properties. If a property has a small commercial component -- such as a ground-floor retail unit in an otherwise residential building -- it may be considered on a case-by-case basis, provided the residential rental income is the dominant revenue source. Purely commercial properties, retail buildings, and office spaces are outside our lending scope.

Explore the full details of our residential rental property loan programs to see how your portfolio fits.