Unlock Explosive Growth: How Short-Term Rental Mortgages Are the Secret Weapon Top Investors Don’t Want You to Know About
- A good credit score (at least 620, but 680+ is better)
- A down payment of 15% to 25%
- Some cash reserves (usually a few months of payments)
- A property in a market with solid STR demand
- A realistic revenue projection, often backed by data from AirDNA, Rabbu, or actual bookings
Also, many of these loans come with prepayment penalties if you refinance or sell early. Ensure you understand the terms before signing any documents. A good loan officer will walk you through all of this.
What the Process Looks Like
The loan process is surprisingly smooth, especially when compared to the hoops one has to jump through with a traditional bank. Here’s how it usually works:
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