International Bankers Financial Group

Bringing Dreams to Reality

  • Home
  • About Us
    • Our Team
    • About the Company
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Programs
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary
    • Calculator
  • Our Divisions
    • Food Division
    • Structured Financing
    • Energy Division
    • Development Division
  • Blog
  • Our Newsletter
  • Review Us
  • Contact

A Home Loan For an AirBnB Property: What To Know

June 23, 2022 by Angel Leon

A Home Loan For an AirBnB Property: What To KnowIf you are looking for a way to diversify your investments, you might be thinking about buying a rental property. One of the most common rental options is AirBnB. Given the number of people who use AirBnB, this could be a great way to generate a steady stream of short-term renters. On the other hand, can you take out a loan to buy an AirBnB property?

There Are No Mortgages Specifically For AirBnB Properties

First, understand that there are no home loans available specifically for AirBnB or VRBO properties. If you go to a lender and ask for an AirBnB loan, they will direct you to a traditional investment property mortgage. Regardless of whether you want to do short-term loans through AirBnB or a long-term loan that you handle on your own (or through a formal property management company), the mortgage you will apply for is the same. What are the options you have available?

Options For An AirBnB Property

If you want to rent out an AirBnB space, you have a few options. First, you could always consider renting out a room in your primary residence. This could be a less expensive way for you to start generating some income through AirBnB.

Or, you can apply for a traditional investment property loan through a mortgage company. This loan uses the value of the investment property as collateral. The process of applying for this new mortgage will be similar to the process of applying for your first mortgage, but the lender may require you to put more money down. 

Finally, you could also move and buy a multi-family property, such as a duplex. Then, you could live in one of the units while renting out the others. This could be a nice middle ground between the other options.

Consider Using AirBnB To Generate Rental Income With Your Own Rental Property

These are a few of the top options available if you want to use AirBnB to generate rental income. It is one of the most popular rental apps, and the process of applying for a loan for an AirBnB property is the same as applying for a loan for any other type of investment property. 

Angel Leon

Filed Under: Mortgage Tagged With: Airbnb, Mortgage, Real Estate Investment

Contact Angel Leon


President
Call (305) 790-4800
info@internationalbankers.com

NMLS#347870
Get a Rate Quote →

Connect with Us!

How can I help?

  • This field is for validation purposes and should be left unchanged.

Browse articles by category

Archives

Quick Links

  • Accessibility Statement
  • Privacy Policy
  • Blog
  • Contact Us
MLO License Info:
International Bankers Group | NMLS# 339877
Mortgage Loan Originator License #MLO-347870

Connect with Us

NMLS#347870


Equal Housing Lender

Our Location


2828 Coral Way
Miami, Florida 33145

Copyright © 2023 · Powered by MySMARTblog

Copyright © 2023 · Genesis Sample Theme on Genesis Framework · WordPress · Log in