Finance
What is an 'investment property' loan and how does it differ from an owner-occupied loan in Nevada?
AThey have identical terms and requirements
BInvestment property loans typically require larger down payments (15–25%), have higher interest rates, and have stricter qualification requirements than owner-occupied loans✓ Correct
CInvestment property loans are only from private lenders
DInvestment properties cannot be financed with conventional loans in Nevada
Explanation
Nevada investment property loans (for non-owner-occupied properties) have different requirements than primary residence loans: typically 15–25% down, higher interest rates (0.5–1% higher), lower DTI tolerance, and rental income may be considered with restrictions. Fannie Mae and Freddie Mac set the guidelines.
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