Hi,

I'm looking for a loan to purchase an investment property that will be rented out.
I have a partner that works with me and currently we both are on the purchase
agreement. My question is what kinds of loans are available and we can qualify for?
Will this property be considered commercial?

Thanks

No, it is not a commercial property. This is a residential investment, so you will need to shop for a residential loan. Expect to pay a higher rate since this is an investment property.

There are numerous home loans you can qualify for, depending on your credit score and financials.

Also, how much are you putting down? What is your gameplan for the property? Are you banking on cashflow or appreciation? How long are you planning on holding on to the property?

Answering these questions can help you determine what type of loan to get.