Benefits of the Rental Property Mortgage.
Looking to purchase a rental property? We offer competitive rates and flexible solutions to help you move forward.
Financing to support your real estate investment growth.
Homeowners with up to a maximum of 9 total properties (8 rental properties + principal residence) with any lender are eligible to apply for a Rental property mortgage with Haventree.
Flexible solutions.
Connect with your Mortgage Broker to learn more about our products and the flexible solutions we offer for our rental property mortgages.
Rate Guarantees.
Secure your rate for up to 90 days on purchases and 60 days on refinances.
PRODUCT FEATURES
Rental Property Mortgage features.*
Our Rental Property mortgage offers flexible financing to help you grow your investments.
Loan Purpose: Purchase, refinance, or equity take-out.
Term: Choose from 1-, 2-, 3- or 5-year terms.
Amortization: Up to 35 years.
PROCESS
Appraisal.
Include current appraisal with fair market rent analysis and lease agreements. Appraisals can be from our approved list of appraisers or via our preferred independent appraisal management companies
Mortgage statements and property taxes.
Submit recent mortgage statements and property tax documents for all properties you currently own, including your principal residence.
Rental documents.
Provide leases for each rental property you own.
Income verification.
Include proof of income such as pay stubs and an employment letter.
Corporate documents.
If you operate a holding company, submit all relevant corporate documents.
HOW IT WORKS
Ready to get started?
We work directly with Mortgage Brokers to offer you the right mortgage solution.
01
Find a Mortgage Broker.
If you already have a broker, perfect! If not, use our Find a Broker tool to connect with one in your area.
02
Your broker submits your application.
Your broker will handle the submission of your application for review. A few initial documents will be needed to get things started (like a paystub, job letter, or ID).
03
We review your application.
Our team of underwriters will carefully review your application and work with your mortgage broker to make sure everything is in order. If your application meets our lending guidelines, we will send a commitment letter to your Mortgage Broker, which may include conditions or requests for more information.
04
Final step: closing.
Once all conditions in the commitment letter are met, you’ll be ready to move forward. You’ll meet with your lawyer/notary to sign the final documents and pay your down payment. On closing day, your lawyer will coordinate with our team to release the funds, and you are closed!
Prepayment privilege
Each year, at the anniversary date* of your mortgage advance, you can take advantage of the following prepayment options:
Increase the principal and interest portion of your original payment by up to 20%, and/or
Make a lump sum payment of up to 20% of your original mortgage amount (minimum $500) toward your outstanding balance. This second option is not cumulative. Any unused portion of the 20% doesn’t carry over the following year.
* Your mortgage anniversary date can be found in your mortgage documents.
MORTGAGE PRODUCTS
Fixed-rate mortgages
Your rate stays the same, even when life doesn’t.
Your monthly payments stay consistent throughout your mortgage term. → 1-, 2-, 3-, or 5-year terms → Same annual percentage rate throughout Terms apply
Convertible Mortgage
Room to move, lock in when it feels right.
Our Convertible Mortgage creates flexibility and empowers you with greater control over your mortgage rate options. → 12-month mortgage → Convert to a new mortgage without penalty Terms apply
FAQs
Mortgages can feel complicated, but they don’t have to be.
Explore our FAQs and get the confidence you need to make smart, informed decisions.
See all FAQsWHAT’S NEXT
