Investment Property Loans in Colorado Springs
Financing for Colorado rental properties, from a single-family rental to a four-unit building, with clear guidance and personal service from application to closing.
An investment property loan finances a home you plan to rent out rather than live in. Because the loan is repaid in part from rental income, the guidelines differ from the ones for a primary residence, and the right program depends on how you earn and document your income. Countryside Lending has helped Colorado borrowers buy and refinance homes since 2006. We offer conventional financing for one- to four-unit rental properties and DSCR / non-QM investor loans, and we explain which one fits your plans. Your loan officer is Brendon O'Connor (NMLS #249969).
At a glance
One- to four-unit rentals
Finance a single-family rental, a condo or townhome, or a duplex, triplex or fourplex anywhere in Colorado.
Two ways to qualify
Conventional loans rely on your personal income and credit. DSCR loans focus on the rent the property is expected to earn.
Purchase or refinance
Buy a new rental or refinance one you already own, including a cash-out refinance where the program allows.
Who an Investment Property Loan Is For
Investment property financing is for homes you won't occupy yourself. In the Colorado Springs area, it often comes up if you:
- Are buying your first rental property
- Are adding another property to an existing portfolio
- Are keeping your current home as a rental when you move or receive PCS orders
- Want to refinance a rental to change its rate, term or structure, or to take cash out
- Are self-employed or have income that is hard to document the traditional way
Planning to live in one unit of a two- to four-unit property? That is generally treated as a primary residence rather than an investment property, and different programs may apply. Tell us your plans and we'll point you to the right starting place.
Why Work With Countryside Lending on Your Investment Property Loan
Investor loans have more moving parts than a typical home purchase: how rent is counted, how many financed properties you already have, how the property is titled and what reserves the program expects. We review those details before you make an offer, explain your options in plain English and keep the loan organized through closing.
- One point of contact from application to closing
- Up-front review of how rental income will be counted
- Clear explanation of conventional versus DSCR requirements
- Coordination with your real estate agent, property manager, title company and closing team
Investment Property Loan Requirements in Plain English
Lenders treat rental properties as higher risk than primary residences, so guidelines are generally stricter. Expect a larger down payment than on a home you live in, a closer look at your credit history and cash reserves remaining after closing.
With a conventional investment property loan, you qualify with your personal income, employment, assets, credit and current debts. Rental income from the property, documented by a lease or by the appraiser's market-rent estimate, can often be counted toward qualifying. Conventional guidelines also limit how many financed properties one borrower can have.
With a DSCR loan, the lender compares the property's expected rent with its monthly housing payment instead of reviewing your tax returns or pay stubs. DSCR stands for debt service coverage ratio. These loans are a type of non-QM financing, meaning they fall outside the standard qualified mortgage definition, and they are intended for business-purpose investment properties, not homes you will live in.
On either path, the appraisal typically includes a rent schedule that estimates market rent, and the property generally needs to be in rentable condition at closing.
Conventional vs. DSCR Investor Loans: How They Compare
Both can finance a one- to four-unit rental. The main difference is what the lender looks at to decide whether you qualify.
| Conventional investment loan | DSCR / non-QM investor loan | |
|---|---|---|
| How you qualify | Personal income, employment, assets, credit and debts | Mainly the property's expected rent compared with its housing payment |
| Income documents | Pay stubs, W-2s and tax returns | Typically no personal tax returns or pay stubs |
| Rental income | Can often be added to your qualifying income | The basis of the loan decision |
| Who sets the guidelines | Largely Fannie Mae and Freddie Mac | Each lender sets its own |
| Often fits | Borrowers with steady, well-documented income and a small number of financed properties | Self-employed borrowers and investors with several properties or complex tax returns |
| Property use | Rental properties with one to four units | Business-purpose rental properties; not for a home you will occupy |
Guidelines, pricing and terms vary by program. We'll explain which ones apply to your loan.
Self-Check: Which Investor Loan Might Fit You?
Check the statements that apply to you.
Investment Property Loans in Colorado Springs and Across Colorado
Colorado Springs has a steady base of renters, including military families stationed at Fort Carson, Peterson and Schriever Space Force Bases and the Air Force Academy, along with students and people relocating to the Pikes Peak region.
Rentals near the installations
Investors often look in Fountain and Security-Widefield near Fort Carson, on the east side and in Falcon near Peterson and Schriever, and in Briargate and Monument near the Academy. Every property is different, so we look at the actual rent and loan amount for the home you're considering.
Keeping your home as a rental after a PCS
Many military families keep their Colorado Springs home and rent it out when new orders arrive. If you later buy again, we'll explain how that rental income and your existing loan are treated. Learn more about VA loans.
Short-term rentals
The City of Colorado Springs and other Colorado communities regulate short-term rentals through permits and zoning, and many HOAs and metro districts add their own rules. Check the local rules before you count on short-term rental income, and tell us early, because loan programs treat it differently from a long-term lease.
Higher-priced properties
If the loan amount is above the conforming limit for the county, a jumbo loan may come into play. See jumbo loans.
What we don't offer
Countryside Lending does not offer hard money, construction, land or commercial loans. Our investment financing is for residential rental properties with one to four units.
Our Investment Property Loan Process in 3 Steps
- 1
Complete a quick application
It takes about 5–10 minutes. Click Get Pre-Approved to start.
- 2
Quick call to go over loan options
We review your application, talk through conventional and DSCR options, and outline the documents you'll need.
- 3
Get your pre-approval letter
Make offers with confidence, knowing your financing has been reviewed up front.
Investment Property Loan FAQs for Colorado Investors
See Which Investment Property Loan Fits Your Plans
Tell us about the property you want to buy or the rental you want to refinance. We'll explain your options and outline the next step, with no pressure.