Investment Property Financing in Grosse Pointe

Rental properties, second homes, multi-family buildings, condos, and new construction — financing solutions for Grosse Pointe investors and property buyers.

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Grosse Pointe offers strong rental demand, steady appreciation, and a tenant pool drawn by top-rated schools, Lake St. Clair access, and proximity to downtown Detroit. Whether you're buying your first rental property, adding a vacation home in northern Michigan, or expanding a multi-unit portfolio, Tetra Home Loans finds the right financing from across our lender network.

And because Tetra is led by a Certified Financial Planner™, we don't just close the loan — we help you evaluate how each property fits within your broader investment strategy, tax picture, and long-term wealth goals.

Property Types We Finance

Different property types have different qualification requirements, down payments, and rate structures. We match each with the right program.

Single-Family Rentals

The most common entry point for Grosse Pointe investors. Strong rental demand across all five communities.

Multi-Family (2–4 Units)

Duplexes, triplexes, and fourplexes. Live in one unit and rent the others, or purchase as a pure investment.

Condos

Condo financing with lenders who handle warrantable and non-warrantable projects, HOA review, and association requirements.

New Construction

Construction-to-permanent financing that covers both the build and the mortgage in a single close.

Typical Down Payment Requirements

15–20%
Single-Family Investment
Conventional financing
20–25%
Multi-Family Investment
2–4 units, non-owner-occupied
10–15%
Second Home / Vacation
Must be a minimum distance from primary

Investment & Property Loan Programs

From your first rental to your tenth property, we have a program that fits.

Investment Property Loans

Conventional and portfolio financing for single-family rental properties. Competitive rates for borrowers with strong credit, reserves, and property cash flow. Projected rental income from the appraisal can be used to help you qualify.

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Second Home Mortgage Loans

Financing for a second residence you use personally — a weekend retreat, a seasonal home, or a property near family. Lower rates and down payments than pure investment loans, with specific lender criteria about distance and usage.

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Vacation Home Financing

Purchase a vacation property in northern Michigan, along the Lake Huron shore, or wherever you want to get away. We find lenders with favorable second-home terms and help you understand how seasonal rental income may factor into qualification.

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Condo Financing

Condos have unique financing requirements — HOA financial health, owner-occupancy ratios, litigation status, and warrantability all affect what lenders will approve. We work with lenders experienced in both warrantable and non-warrantable condo projects.

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Multi-Family Property Financing

Financing for duplexes, triplexes, and fourplexes in the Grosse Pointe area. Owner-occupied multi-family purchases can qualify for lower down payments and better rates. Pure investment multi-family requires stronger reserves but offers significant cash flow potential.

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Construction-to-Permanent Loans

A single-close loan that covers both the construction phase and the permanent mortgage. Lock your rate upfront, draw funds as construction progresses, and convert automatically to a standard mortgage when the build is complete. Eliminates the cost of two separate closings.

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New Construction Home Loans

Financing for newly built homes from builders and developers in the Grosse Pointe area. Whether you're purchasing a spec home or contracting a custom build, we structure the loan to match the builder's timeline and your financial situation.

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Interest-Only Mortgage Loans

Pay only interest for an initial period of 5–10 years, keeping monthly payments lower while you build rental income, renovate, or wait for appreciation. After the interest-only period, payments adjust to include principal. A strategic tool for cash-flow-focused investors.

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Why Investors Use a Mortgage Broker

Investment property underwriting varies significantly from lender to lender. One lender might cap you at four financed properties while another allows ten. One might require six months of reserves per property while another requires twelve. One might count 75% of projected rental income while another counts 100%.

As a broker, Tetra Home Loans shops your investment loan across lenders who specialize in investor financing — finding the combination of rate, leverage, and qualification criteria that maximizes your purchasing power. And as a CFP® professional, we help you evaluate each deal not just on its own merits, but on how it fits within your overall portfolio strategy and tax situation.

Whether you're buying your first rental property or your tenth, we've structured investment financing for borrowers at every stage.

Investment Property FAQ

How much do I need to put down on an investment property?

Most conventional investment property loans require 15–25% down, depending on the property type, your credit score, and whether it's a single-family or multi-unit property. Some portfolio and non-QM programs offer more flexibility for well-qualified borrowers with strong reserves.

Can I finance a duplex or multi-family property in Grosse Pointe?

Yes. Financing is available for 2–4 unit properties. If you plan to live in one unit, you may qualify for owner-occupied rates and lower down payments through FHA or conventional programs. Pure investment multi-family purchases typically require 20–25% down.

What is the difference between a second home loan and an investment property loan?

A second home loan is for a property you personally use part of the time — like a vacation home in northern Michigan. An investment property loan is for a property you purchase primarily to generate rental income. Lenders treat them differently: second home loans typically have lower rates and down payment requirements than investment property loans.

Can I get an interest-only mortgage on an investment property?

Yes. Interest-only loans allow you to pay only the interest for an initial period, typically 5–10 years, keeping your monthly payment lower while you build rental income or wait for appreciation. After the interest-only period, payments increase to include principal. This can be a strategic tool for investors focused on cash flow.

What is a construction-to-permanent loan?

A construction-to-permanent loan combines the construction financing and the permanent mortgage into a single loan. You close once, lock your rate upfront, and convert automatically to a standard mortgage when construction is complete. This avoids the cost and complexity of closing on two separate loans.

How many investment properties can I finance?

Conventional lenders typically allow financing on up to 10 properties total, including your primary residence. Portfolio lenders and non-QM programs may allow more. As a broker, we work with lenders who specialize in investors with larger portfolios and can structure financing accordingly.

Do I need to show rental income to qualify for an investment property loan?

Not always. Conventional loans can use projected rental income from an appraisal to help you qualify. Some non-QM programs qualify you based entirely on the property's projected cash flow rather than your personal income. We match you with the qualification method that works best for your situation.

Ready to Finance Your Next Investment Property?

Let's find the right loan for your investment strategy — no obligation, no pressure.

313-380-4740
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