– Yes, it is possible to get a traditional second mortgage or a home equity line of credit on a property that is non-owner occupied. Most lenders will require that you maintain at least 20% equity in the property (after closing on the second mortgage), and there may be a loan maximum which is lower than that of owner occupied loans.
How Do I Get a Mortgage on a Rental House? | Home Guides | SF. – Consult with your loan officer about specifics of your loan’s guidelines. Additional documentation may be required to prove your ability to manage the mortgage payment for a rental home. Be prepared with at least a 20 percent down payment if you are purchasing a home.