Best Investment Property Lenders of 2022

Compare loan options, interest rates, closing times, and more from the top investment property lenders.
Best overall
Flip Funding
Flip Funding
  • Icon Yes  Light
    Starting at 4.25% interest
  • pro
    Loans up to $7 million
  • pro
    Closing in as little as 10 days
Best for government loans
Rocket Loans
Rocket Mortgage
  • Icon Yes  Light
    Starting at 2.25% interest
  • pro
    Loans up to $2 million
  • con
    Closing times unlisted
Lowest down payment
Residential Capital Partners
Residential Capital Partners
  • Icon Yes  Light
    Starting at 5.5% interest
  • pro
    Loans up to $5 million
  • pro
    Closing in as little as 14 days
Fastest closing
Patch of Land logo
Patch of Land
  • Icon Yes  Light
    Starting at 4.25% interest
  • pro
    Loans up to $3 million
  • pro
    Closing in as little as 5 days
Best lending marketplace
LendingTree Logo
LendingTree
  • Icon Yes  Light
    Interest rates unlisted
  • con
    Loan amount unlisted
  • con
    Closing times unlisted

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

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When you need investment property financing, not just any old lender will do. Instead, you’ll want to find a lender that specializes in (or at least allows for) investment property loans.

Lucky for you, we’ve done the hard part for you. We’ve researched dozens of lenders to find the 10 best investment property lenders, with Flip Funding  taking first place. We got our list by comparing rates, closing times, loan options, and more.

So whether you need a rental property mortgage or a hard money loan to flip houses, we’ve found a lender that will work for your investment needs.

Best Investment Property Lenders of 2022

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Compare the best rental property loans

Lender
Min./max. loan size
Lowest listed interest rate
Lender type
Get a loan
$75,000/$7 million4.25%Direct lender
Up to $2 million5.25%Direct lender
$50,000/$5 million~10%Direct lender
$100,000/$3 million6.00%P2P lender
UnlistedUnlistedLending marketplace

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

What are investment property loans?

Investment property loans can refer to quite a few different types of types of commercial real estate loans:

Bridge loans: Short-term loans for buying real estate. These usually get refinanced with better interest rates.

Construction loans: Real estate loans designed for building new structures, from homes to apartment buildings.

Rental loans: Loans for buying or refinancing rental properties. These can be both short-term loans for purchase and rehab (followed by refinancing) or long-term loans for landlords.

Home mortgage loans: Some conventional mortgage loans can be used to purchase rental properties (usually houses, townhomes, and condos).

So depending on the kind of investment property loan you want, you’ll have to find a lender that offers that type. Don’t worry―we’ll point out what kinds of loans each lender on this list offers.

Flip Funding: Best overall investment property loan

Flip Funding
Flip Funding
  • Starting at 4.25% interest
  • pro
    600 min. credit score
  • pro
    Fix-and-flip loans, bridge loans, rental loans, construction loans, multi-family loans, & commercial loans sign themes
  • pro
    Loan terms from 6 mos.–30 yrs.

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

Flip Funding is our overall favorite investment property lender.

That’s partly because Flip Funding offers a great variety of loan options. It has fix-and-flip loans for people into rehab projects, bridge loans for short-term lending needs, construction loans for building, rental loans for landlords, and even loans for multifamily and commercial buildings. That means it has options with short loan terms (six months at minimum) or very long loan terms (maxing out at 30 years).

In other words, Flip Funding offers enough flexibility to work for all kinds of real estate investments.

Plus, Flip Funding has more flexible application requirements than many other lenders. Its fix-and-flip loans, for example, require just a 600 credit score (though other loans do require a 680 credit score). And unlike many investment lenders, Flip Funding is available in almost all states (except Arizona, Nevada, South Dakota, and North Dakota).

Throw in competitive interest rates (starting at less than 5%), fairly fast closing times (less than two weeks, in some cases), and the lack of prepayment penalties, and you can see why we like Flip Funding so much.

So for most investment property financing needs, Flip Funding is a great place to start.

Pros
pro Many types of investment loans
pro Fast closing turnaround
pro Competitive rates and terms
Cons
con High rates on some loans
con Higher credit requirements on some loans

Rocket Mortgage: Best for VA loans

Rocket Loans
Rocket Mortgage
  • Icon Blank
    Starting at 5.25% interest
  • pro
    580 min. credit score
  • pro
    FHA loans, VA loans, fixed-rate mortgages, & adjustable-rate mortgages
  • pro
    Loan terms from 15–30 yrs.

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

If you’ve served in the military, then you may qualify for VA home loan―and Rocket Mortgage offers our favorite place to get one.

Rocket Mortgage (formerly Quicken Loans) offers all kinds of mortgage options (including both purchase and refinance loans), but we want to focus on its VA loans specifically. These loans―just for veterans, servicemembers, and their families―offer super competitive mortgage rates. And Rocket Mortgage gives you low rates on these VA loans and excellent customer service to boot―which is why it has some of the highest customer reviews we’ve seen from mortgage lenders.

Now, we do need to point out that you can’t use a VA loan for just any investment property. In fact, you can only use a VA mortgage loan on a property that serves as your primary residence. That makes a VA loan a decent option if you want to, say, get a duplex and rent out half―but if you’re looking to purchase a standalone rental property, a VA loan from Rocket Mortgage probably won’t work for you. 

As long as you can work with that primary residence rule, though, Rocket Mortgage’s VA loan options can get you great rates and great service.

Pros
pro Very low rates on government loans
pro Low rates on fixed-rate loans
pro Very positive customer reviews
Cons
con Government loans for owner-occupied real estate only
con Long closing times

Residential Capital Partners: Lowest down payment

Residential Capital Partners
Residential Capital Partners
  • Icon Blank
    Starting at around 10% interest
  • pro
    No. min credit score
  • pro
    Fix-and-flip loans, bridge rental loans, long-term rental loans
  • pro
    Loan terms from 6 mos.–30 yrs.

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

One bummer about investment property loans? They often require a big down payment―unless you go with Residential Capital Partners.

Residential Capital Partners lets you pay 0% down on its investment loans. That means you can pay way less at closing (you’ll still need to pay for various closing fees), freeing up more cash for any rehab or repairs. This 0% down payment applies to fix-and-flip loans and bridge loans for rentals (but not its long-term rental loans). That makes it a good option for house flipping or acquiring a rental property.

Unfortunately, Residential Capital Partners doesn’t offer loans nationwide (at least, not yet). It only lends in 12 states (Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas). And it only gives financing to businesses, not individuals―so you’ll want to have a formally organized LLC before applying.

Still, if you’ve got a real estate business in one of those states, you’ll have a hard time beating the 0% down Residential Capital Partners offers.

Pros
pro 0% down payment on most loans
pro No minimum credit requirements
pro Bridge and long-term loan options
Cons
con Lending only for LLCs and other business entities
con No availability in many states

Patch of Land: Fastest closing times

Patch of Land logo
Patch of Land
  • Icon Blank
    Starting at 6.00% interest
  • pro
    Min. credit score unlisted
  • pro
    Fix-and-flip loans, rental loans, & construction loans
  • pro
    Loan terms unlisted

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

Got a great deal, but need to close fast? Then we suggest looking at Patch of Land.

Getting a commercial real estate loan can often take a long time, but Patch of Land lets you close on your next real estate investment loan in as few as five days. Even its average closing time is a mere 10 days―less than two weeks. That makes Patch of Land perfect for snapping up steals on investment property.  And with loans for flipping, rentals, and even construction, Patch of Land can help with many kinds of investments.

That said, Patch of Land is a little more mysterious than other lenders on this list. It doesn’t publish much in the way of borrower requirements, for example, and doesn’t list loan terms either. So you’ll definitely need to ask lots of questions. And like many real estate lenders, Patch of Land doesn’t work nationwide. Investors in Arizona, Idaho, Minnesota, Nevada, South Dakota, and Utah will need to get financing elsewhere.

All the same, Patch of Land boasts impressive closing times. So for those times when you need to borrow ASAP, it’s the real estate lender to beat.

Pros
pro Closing in as few as 5 days
pro Average closing time of 10 days
pro Funding for several types of real estate
Cons
con Few details on borrower requirements
con No availability in some states

LendingTree: Best lending marketplace

LendingTree Logo
LendingTree
  • Icon Blank
    Interest rates unlisted
  • pro
    Min. credit score unlisted
  • pro
    Fixed-rate mortgages, adjustable-rate mortgages, VA loans, & FHA loans
  • pro
    Loan terms unlisted

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

Interested in comparing investment home loan options? You’ll probably like LendingTree’s lending marketplace.

As we explain in our LendingTree review, LendingTree partners with lenders rather than offering its own loans. (It’s kind of like a mortgage broker in that way.) So by submitting one application, you can compare offers from many different mortgage lenders. So basically, it’s all the benefits of shopping around (like finding the lowest rates or loan fees) without all the hard work.

Just keep in mind that lending marketplaces tend to work slower than direct lenders. LendingTree definitely isn’t the place to go for a quick bridge loan. And since LendingTree partners with lenders rather than lending itself, interest rates and fees can vary widely. (And LendingTree doesn’t publish many details about its lending partners and their rates.)

Still, if you’ve got the time to spare, comparison shopping with LendingTree can probably get you excellent interest rates on your next rental property mortgage.

Pros
pro Many lending partners
pro Many mortgage loan options
pro Positive customer reviews
Cons
con Longer funding times
con Few details on lenders and loans

Honorable mentions

Didn’t find the right investment mortgage lender above? Don’t give up yet―we’ve got five more lenders that may suit you better.

Compare honorable mention investment property loans

Lender
Min./max. loan size
Lowest listed interest rate
Lender type
Get a loan
Big Commerce

PennyMac

Unlisted4.35%Direct lender
$250,000/$5 millionVariousLending marketplace
Unlisted5.75%Direct lender (traditional bank)
$50,000 and upUnlistedDirect lender (traditional bank)
$500,000/$100 millionUnlistedDirect lender

Data effective 7/18/22. Offers and availability may vary by location and are subject to change.

PennyMac: Best for FHA loans

PennyMac
  • Icon Blank
    Starting at 4.35% interest
  • pro
    580 min. credit score
  • pro
    FHA loans, VA loans, fixed-rate mortgages, & adjustable-rate mortgages
  • pro
    Loan terms from 15–30 yrs.

Interested in an FHA loan? Another kind of government-backed loan, FHA loans offer competitive rates without stringent borrower requirements. In fact, it’s okay to have a low credit score and little money for a down payment.

You can get FHA loans from quite a few mortgage lenders, but PennyMac consistently has some of the lowest rates we’ve found on FHA loans. So if you want to make an already affordable mortgage loan even more affordable, PennyMac may be the way to go.

Just remember that (like with VA loans), FHA loans have to be used on your primary residence. So if you plan to rent out parts of a duplex or fourplex and live in one unit yourself, that’s fine. But if you want to simply buy a rental house, a PennyMac FHA loan won’t work for you.

Lendio: Best commercial marketplace

Lendio
Lendio
  • pro
    Min. credit score unlisted
  • pro
    Commercial mortgages
  • pro
    Loan terms from 20–25 yrs.

Thinking of getting commercial real estate as an investment property? Then give Lendio’s marketplace a look.

Like LendingTree, Lendio is a lending marketplace (meaning it partners with lenders but doesn’t offer its own loans). The difference? LendingTree offers primarily personal loans, while Lendio focuses exclusively on business loans. (For more details, you can check out our Lendio review.) That makes Lendio ideal for getting commercial real estate (like an office building) that you plan to rent out as an investment property.

But as with other lending marketplaces, Lendio’s financing process will probably take longer than applying directly with a lender. So if you’ve got an urgent deadline, stick with other lenders instead.

US Bank: Best big bank option

US Bank
US Bank
  • Icon Blank
    Starting at 5.75% interest
  • pro
    Min. credit score unlisted
  • pro
    Fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, & more
  • pro
    Loan terms from 10–30 yrs.

Prefer to stick with a traditional bank for your investment mortgage loan? We think US Bank offers your best option.

Many of the big banks avoid investment property lending, but not US Bank. It explicitly allows for investment real estate borrowing. Its investment property loans can be used for standalone homes or rental properties with up to four units. And as you’d expect from a big bank, US Bank offers great interest rates.

Of course, as we detail in our US Bank review, US Bank doesn’t have the best reviews (though it’s definitely better-liked than many other big banks). So if you don’t have a particular reason to go with a bank, we do suggest sticking with one of the better-reviewed lenders on this list.

Lima One Capital: Best for multifamily housing

Lima One Capital
  • Icon Blank
    Inquire for interest rates
  • pro
    580 min. credit score
  • pro
    Fix-and-flip loans, construction loans, rental loans, & multifamily loans
  • pro
    Loan terms from 13 mos.–30 yrs.

Looking at multifamily housing for your rental property, like a big apartment building? Lima One Capital has the investment loans you need.

Lots of investment property lenders stick to smaller rental properties like duplexes and fourplexes. But Lima One Capital would love to fund your larger multifamily housing investment. It offers both short-term bridge loans for quick acquisitions and long-term hold loans for landlords.

Just note that Lima One Capital has higher interest rates than some of the other lenders featured on this list. So it may not be your most affordable option. But given how few lenders offer loans for multifamily housing, Lima One Capital may still be your best bet.

CoreVest: Best for rental portfolios

Corevest
CoreVest
  • Icon Blank
    Inquire for interest rates
  • pro
    Min. credit score unlisted
  • pro
    Rental portfolio loans, credit lines, construction loans, & multifamily loans
  • pro
    Loan terms from 18 mos.–10 yrs.

Plan to invest in multiple properties? CoreVest has you covered with its rental portfolio financing.

Designed to offer long-term financing for five or more rental properties, CoreVest’s rental portfolio financing can pay for single-family houses, condos, townhouses, and multifamily investment properties. So no matter your real estate investment strategy, CoreVest can help finance your portfolio.

Do note, though, that CoreVest loans start at $500,000. In other words, CoreVest is designed for big investments. So if you’ve got your eye on cheaper real estate, you’ll want to find a lender more suited to your budget.

The takeaway

Flip Funding has the best investment property loans for most people, all thanks to its combination of loan options, competitive rates, and accessible borrower requirements.

But if Flip Funding isn’t your speed, we’ve found other great investment lenders. Rocket Mortgage works especially well for VA loans, for example. Residential Capital Partners has standout 0% down financing, while Patch of Land offers super quick closing times. And for people who like comparing options, LendingTree’s marketplace lets you shop around for mortgage loans.

Whatever lender you go with, we hope your investment property gives you all the returns you’re hoping for.

Found a lender you like? Estimate your investment property loan costs and monthly payments with our commercial loan calculator.

Related reading

Don’t qualify for a business loan? Get a personal loan instead.

Rental property loan FAQ

Do banks give loans for rental properties?

Not every bank offers loans for rental properties, but some do. You can always ask your bank if it finances rental properties.

Which bank is best for rental properties?

We recommend US Bank for rental property loans. It’s got competitive rates, it’s willing to extend investment property loans, and it has better customer reviews than many other banks.

How can I get a loan for a rental property?

To get a loan for a rental property, you’ll want to find a lender that finances investment properties. You’ll need to look for a lender that offers loans for the type of property you’re interested in, whether that’s a single-family house, a duplex, or even multifamily apartments.

Once you’ve found a lender, getting a rental property loan works pretty much the same as any mortgage loan. Expect to have an appraisal, to make a down payment, and then to make monthly payments on your mortgage loan.

Methodology

To find the best investment property lenders, we researched dozens of lenders before narrowing things down to lenders that offer fix-and-flip loans, hard money loans, bridge loans, and rental property loans. We compared interest rates, closing times, borrower requirements, and more to get our final list and rankings.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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