Traditional Bank Financing

[Brendan Chase]

I currently have separate 20 year commercial loans for each of my rental properties that I recently refinanced.

I’m looking to purchase another rental property- I’m looking at a duplex and also a triplex - and am wondering if it’s possible to get a traditional 30 year residential mortgage without house hacking? Do I have to live in a unit for a year in order to qualify for that mortgage?

Thanks!

[Reece Iovine]

What @Steven Foster Wilson said, however a lot of banks will also have portfolio options. For example I just closed a 30 year cash out refinance on an investment duplex with huntington at a 3.625 APR. Cash out will be higher than purchase loan but goes to show that there are more options out there than just your fannie fredies.