“Mortgages on Properties being Rented Weekly”

“Mortgages on Properties being Rented Weekly”

Hi Joe,

I am in the process of buying a beach property that will be used as a weekly vacation rental. The owner of the property told me that you got him the mortgage when he purchased 4 years ago. He told me that you got him the mortgage and for exactly the same use.

I have been to a number of banks and none of them would do a mortgage when the property is rented weekly. Can you get me this kind of mortgage as well?

Yes, we can do mortgages on properties being rented weekly, through AirBNB, HomeAway and VRBO. Revenues from Weekly rentals is becoming more mainstream each and every years. We are fortunate to have a couple of lenders that do them.