Refinancing rentals and second homes, answered plainly
Refinancing multi-unit rentals
Plain answer
Two- to four-unit properties are reviewed with leases, rent schedules and tax returns showing rental income. Borrowing caps and reserve rules can be stricter than for single-family rentals. Gather leases for every unit.
Last reviewed against the primary sources listed below.
Gather
- Leases.
- Schedule E.
- Rent roll.
Landlords also ask
Can I refinance a fourplex?
Yes, with documentation for each unit.
Do lenders count rent from every unit?
They review each unit's income.