Investment Property Loans in Rhode Island
Building a rental portfolio? Expanding into multi-family? Best Financial works with lenders who finance investment properties with competitive rates, no prepayment penalties, and programs that allow up to 10 financed properties.
What Is a Investor Loans?
Investment property loans are designed for borrowers purchasing residential real estate that they will not occupy as their primary residence. Whether you are buying your first rental property or expanding an existing portfolio, these loans give you the financing you need to build wealth through real estate.
Traditional banks often max out at 4 financed properties before they stop lending. As a broker, Best Financial has access to portfolio lenders and investor-focused programs that allow up to 10 financed properties — sometimes more.
We also work with lenders who offer DSCR (Debt Service Coverage Ratio) loans, which qualify you based on the property's rental income rather than your personal income. This is a game-changer for investors who want to scale without being limited by their personal debt-to-income ratio.
Requirements
Credit Score
Typically 680+ for best terms.
Down Payment
80% LTV (20% down) for single-family. 75% LTV (25% down) for 2-4 unit.
Reserves
6+ months of mortgage payments across all financed properties.
Experience
Not always required, but helpful for portfolio lenders.
Benefits
Up to 10 Properties
Finance an entire portfolio, not just one rental.
No Prepayment Penalty
Pay off early without fees.
Cash Flow Friendly
Low rates on first and second mortgages for investment properties.
Who Qualifies?
- Credit score of 680 or higher for best terms
- Down payment of 20-25% depending on property type
- 6+ months of mortgage reserves across all properties
- Rental income can be used to qualify in many programs
Application Process
Strategy Consultation
We discuss your investment goals, portfolio, and financing needs.
Program Selection
We match you with the right investor loan product — conventional, DSCR, or portfolio.
Application & Appraisal
Submit your application and we coordinate the investment property appraisal.
Underwriting
The lender reviews your file, including rental income projections if applicable.
Closing
Close on your investment property and start building equity.