Investment Property Mortgages — Thrive Mortgage Co.

Overview

Thrive Mortgage Co. helps clients grow rental income by leveraging home equity to invest in real estate. Their program is designed so you can earn rental income without doing the day-to-day work, while their team handles property selection, purchase, renovations, tenant placement, and ongoing management.

How the Thrive Real Estate Investment Program Works

  • Leverage Home Equity: Use the equity in your existing property as leverage to invest in additional rental properties.

  • Property Analysis & Selection: Thrive screens and analyzes potential investment properties for suitability.

  • Turnkey Service: Their in-house rental property experts handle everything: purchasing, preparation, listing, tenant placement, and ongoing property management.

  • Passive Income: You receive monthly rental income directly deposited — with minimal effort on your part.

Getting Started

  1. Equity Evaluation: Provide a current mortgage statement to establish how much equity is available in your property.

  2. Market Analysis: A Thrive rental specialist assesses your property’s market value to confirm available equity.

FAQs & Key Details

Do Properties Need Tenants Already?

No — Thrive recommends purchasing properties without tenants because prior tenant arrangements may lack proper due diligence.

Finding and Managing Tenants

  • Thrive’s team markets the property and schedules viewings.

  • Property viewings can be used strategically before closing to secure tenants faster.

  • Tenant suitability is vetted financially and personally by Thrive staff.

Down Payment Requirements

  • Non-occupying investor: Minimum 20% down payment.

  • Duplex (you occupy one unit): Minimum 5% down.

  • 3–4 unit property (you occupy one): Minimum 10% down.
    ➤ Income from tenant-occupied units counts toward qualifying income.

Mortgage Interest Rates

  • Investment property mortgages typically carry higher interest rates than primary residence mortgages.

  • This premium (generally 0.25%–0.35% higher) reflects added lender risk — lenders view rental property payments as more at-risk in hardship than primary home payments.

  • Thrive can provide longer amortization (up to 30 years), helping keep monthly payments lower than some standard terms.