Conventional vs Commercial Loan

[Dustin Miller]

Hopefully someone can help. I am in Northern Indiana and want to buy another rental. My only other two rentals were bought as primary residences and later turned to rentals so they have 30 year conventional loans on them. I have excellent credit score and debt to income ratio. Local Banks and credit unions are telling me I have to do a commercial loan at around 5% and only a 15-20 year mortgage to buy this other house as it is an investment. I have been listening to podcasts and they are talking about 30 year conventional loans on their rental houses and even refinancing into a 30 year conventional loan. How do you get a 30 year conventional loan on a rental if you are not house hacking or it is not your second home??