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 

    The fastest way to get started with your mortgage application

  • By phone

    Talk with a Home Lending Loan Officer today

    1-866-325-4516 1-866-325-4516
  • Find a Mortgage Loan Officer

    Connect with a Mortgage Loan Officer in your area

Online mortgage resources

Loans subject to credit approval. Equal Housing Lender 

*By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third party website before you provide personal or confidential information.

Have a question? Find answers here