Buying an Investment Property


Find out how to streamline the purchase of an investment property


Residential investment property mortgages differ from primary home mortgages in four key areas:

Down payment: Investment property mortgages usually require a larger down payment

Interest rate: Investment property mortgages usually have higher rates

Loan underwriting: Residential investment property mortgages may be underwritten differently than properties that are owner-occupied

Property size: At TD Bank, residential mortgages for investment properties are for buildings with 1-4 units. If you're interested in a building that is mixed-use, commercial or more than 5 units, you may need to consider commercial financing for your mortgage needs

You can learn more about your best loan options and get a realistic price range for your search when you talk to your TD Bank loan officer to get prequalified.

  • To get prequalified, you will need to provide your basic debt, income and asset information; your loan officer will pull a credit report
  • By the end of your conversation with your loan officer, you'll know how much you prequalify for

If your investment property is in a different state, keep in mind that your lender must be authorized to lend in that state. TD Bank operates in 15 states from Maine to Florida. Find a TD Bank near your property

Additional considerations:

  • Documentation and closing procedures may vary from state-to-state, so work closely with your loan officer, real estate professional and closing agent
  • Be prepared to be present for both your property inspection and your closing
  • If you can't attend your property inspection, make sure you get the report and ask the inspector any questions
  • If you can't attend your closing, your loan officer can help you identify who can legally represent you

Begin your mortgage journey now


Online mortgage resources


Loans subject to credit approval. Equal Housing Lender 

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