INVESTMENT AND BUSINESS  LOANS Investment loans are classified as any loans for non-owner occupied property, whether it's a single family home or a multi-unit apartment or commercial complex. Since the lender takes a greater risk of default than with an owner-occupied property (People will usually fight a lot harder to save their home, than they will fight to save an investment property if times get  tough) they charge higher  rates and require larger down payments. . There is no getting around this. Depending on your credit, your down payment, etc. you can expect to pay between a quarter point and a whole point more for an investment loan,  than you would pay for an owner-occupied loan. It is also harder to qualify, since most lenders will count only 75% of the rental income or less. Investor loans for one to four units are treated differently than loans for five units and more and commercial properties. These are considered to be for experienced professional investors only and require more paperwork to prove your credentials. Business loans are often known as SBA loans, because they are normally issued by private lenders, normally commercial banks, but guaranteed by the Small Business Administration, a US government agency that among other things, provides loan guarantees for businesses loans, the same way that the Federal Housing Administration, or FHA, insures loans for residential properties. This makes money more available, at better rates, than it would be otherwise. SBA loans require a business plan and  are generally for anywhere from 65% to 90% of the amount needed under the business plan  to start and/or expand and run the business. The exact loan percentage depends on the type  of business, the borrower's credit and whether it is a loan to buy or start a new business, or to expand an existing business. Mortgage brokers usually handle investment and business loans as well as residential loans MORTGAGE MAGIC HOME PAGE     CONTRACT WIZARD HOME PAGE    TAX SALERICHES HOME PAGE