Blanket Loans for Rental Portfolios
A blanket loan, also called a blanket mortgage, can put multiple rental properties under one loan, in some programs up to about 10 properties, so you close once instead of once per house. I arrange these for investors building a portfolio. Not everyone will qualify.
What is a blanket mortgage?
One loan secured by more than one property. It can simplify payments and free you to buy the next rental sooner.
Who uses a blanket loan on rental properties?
Investors with several 1 to 4 unit rentals who want one closing and one payment.
Can I have more than one blanket?
Some programs allow more than one blanket loan as the portfolio grows.
Where?
Investment property only. Availability follows my investor licensing.
Frequently asked questions
How many properties can go on a blanket loan?
Some programs go up to about 10 properties on one blanket. I will confirm for your file.
Is a blanket loan the same as a portfolio loan?
Closely related. Both finance more than one property; program rules differ.
Can I add properties later?
Sometimes through a new blanket or a refinance. Ask me before you underwrite.
Is this for my primary home?
No. Rental and investment property only.