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Can I use one loan to purchase two + homes? Looking to buy investment property.

by thomas160 from Sheridan Lake, Colorado. Apr 28th 2016 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Not with any of your traditional mortgage loans. But you might with a private commercial loan. Check with small banks in your area.

Apr 29th 2016
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Lorne Harvey (lorneharvey)
#77 ranked lender in Washington - 439 contributions

Joe is correct, that would work with a commercial loan but not for the residential lending that most of us do here.

Apr 29th 2016
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Allen Lundberg (ColoLender)
#19 ranked lender in Colorado - 24 contributions

Thomas,I agree with Joe that a commercial loan will be the best option if the properties have separate legal descriptions. If you look at buying a duplex or triplex, you could consider a traditional mortgage. If you decide to go that direction, feel free to reach out to me. I am happy to help. Allen - 720-203-9871

Apr 29th 2016
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There are no conforming loan programs which would allow this.. plus, you shouldn't want to do this and for good reason... if you go into default, which property do they foreclose on? Or if you wanted to sell one property, but keep the other, it cant be done.. Also, anyone that would allow this is probably going to be some sort of high risk or hard money lender.. you would get much better rates by doing it separately.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Apr 29th 2016
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