Important Details

Types of Investment Properties

Single Family Residence (SFR)

The most common type of home, also known as single family detached. An SFR is a standalone structure with its own lot—unlike condominiums, townhomes, cooperatives and multifamily homes are all attached residences.

Multifamily Residence

A type of home or building with multiple units owned by one or more parties, such as condominiums and duplexes.


A condominium or condo is one of a group of housing units where you would own an individual unit and then rent or sell it to a another individual. Individual units normally share walls. Condos include no individual ownership of a plot of land. All the land is owned in common by all the owners. Usually, exterior maintenance is paid out of homeowner dues collected and managed under strict rules.

Planned Unit Development (PUD)

A PUD is a housing development not subject to the area’s standard zoning requirements. With permission from the local government, a developer establishes criteria that determine private and common areas and building guidelines. These may include street lighting designs, street width, architectural styles, building height standards, landscaping, land coverage ratios, common area park or amenity requirements. Planned unit developments are often used to cluster homes closer together than allowed by zoning laws.

Apartment Complexes/Commercial Properties

Properties larger than 4 units are considered commercial properties and can be treated differently than residential properties. Securing a loan for a commercial property typically requires a higher down payment and may require you provide a business plan and long-term projections to ensure profitability. Interest rates are usually higher than those for residential mortgages, but many types of financing are available.

Important Details




Zions Bank sponsors the Homeowners Café® as a service to the community; therefore, all information provided should be considered as educational in nature and not as professional services. By utilizing the services of, and the information provided by, the Homeowners Café, you acknowledge and agree this does not constitute any legal commitment to become a customer of any bank, including Zions Bank and its affiliates nor does it constitute an offer of any extension or modification of any credit to you by Zions Bank or its affiliates.

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Homeowner’s Café®
This page was last modified on Wed Nov 25 14:56:22 MST 2015