Loan program
Investment
Financing for non-owner-occupied properties and portfolio growth.
Overview
What it is
An investment property loan is underwritten as a business decision as much as a housing decision. Occupancy is the first fact: if you will not live there as your primary home, conventional investment guidelines (or another investor program) usually apply.
Expect different down payment, rate, and reserve requirements than a primary residence. Rental income may be used in qualifying when it can be documented. Vacant or first-time rental properties are treated more conservatively.
Confirm with a Hancock officer that investment financing is available for the property type and your state. This page does not offer a loan.
Who it may be good for
- Buyers purchasing a rental or other non-owner-occupied residential property.
- Homeowners converting a primary home into a rental and refinancing, occupancy and timing rules apply.
- Investors who already have mortgages and need the full picture of ratios and reserves, not a slogan about “portfolio growth.”
How it works
- 01
You document occupancy, other real-estate owned, and how the property will be leased.
- 02
Underwriting looks at down payment, reserves after closing, credit, and sometimes rental history or lease terms.
- 03
Cash-out versus rate-and-term refinances on investment property follow tighter rules than primary homes.
Potential advantages
- Lets you finance a property you will not occupy, when you qualify.
- Can use documented rental income in some cases to support the payment.
Things to consider
- Down payment and cash-in-reserve expectations are typically higher.
- Second homes and investment properties are not the same. Mis-stating occupancy is a serious problem.
- Insurance, HOA, and vacancy all change the real monthly number. Use the calculator only as a sketch.
Confirm this program with a Hancock loan officer before assuming it applies to your property or state.
The property is the business
Investment mortgages are underwritten more tightly on purpose. Reserves and occupancy matter.
Common questions
Questions about Investment loans
Sometimes, when leases or appraisal market rents meet investor rules. First-time landlords and vacant units are often treated more strictly. Do not count on a number you found on a listing site.
Ready when you are
The house is the point.
Whether you’re buying your first home, moving into your next one, refinancing, or exploring your options, we’re here to help you figure out the next step.