Conventional and FHA Investment Loans
Flexible options for buying rental properties and building wealth with long-term financing.
If you’re looking to invest in real estate for the long haul — whether it’s a single-family rental or a small multifamily — Conventional and FHA loans are two tried-and-true ways to finance it.
Conventional loans are traditional mortgage loans backed by Fannie Mae or Freddie Mac. They’re a solid option for buying rental properties when you have good credit, stable income, and want competitive rates.
FHA loans are government-backed loans insured by the Federal Housing Administration. While FHA loans are primarily designed for owner-occupied homes, they can also help you buy a 2-4 unit property if you plan to live in one unit and rent out the others.
Minimum 15–20 percent down payment for investment properties
Good credit score (typically 680 and above for best rates)
Proof of stable income and employment
Sufficient reserves (many lenders want to see enough savings to cover a few months of payments)
3.5 percent down payment if your credit score is 580 or higher
Must occupy one unit for at least one year (required for multi-unit purchases)
Proof of income and employment
Property must meet FHA condition standards
Most Conventional investment loans require at least 15 to 20 percent down for a single-family rental. Multi-units may need 25 percent down.
For Conventional, most lenders look for a score of 680 or higher for the best rates. For FHA, you can qualify with as low as 580 if you meet other requirements.
The national average is about 30 to 45 days. At MPS Mortgage LLC, we push to close Conventional and FHA loans as quickly as possible — often faster than big banks because we handle the details upfront and keep you updated.