Important Details

Using Your Current Residence as an Investment

Converting Your Primary Residence to a Rental Property

When purchasing a new or second home, many borrowers keep their current residence as a rental or investment property.

If you’re considering doing so, it’s important to consider the laws regulating property management. It may be beneficial to consider hiring a property management company. Ask yourself if you have the time and knowledge to treat your home as a business.

Typically, to use the rental income for qualifying purposes, you must have at least 75% loan-to-value (LTV) for FHA or 70% LTV for conventional loans in the new rental property as evidenced by an appraisal no older than 6 months. Many times you must have 6 months of house payments in savings.

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 Mon Oct 16 14:38:19 MDT 2017