Understanding Closing Costs
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Short-term rental loans are designed for investors purchasing or refinancing properties used for Airbnb, vacation rentals, and other short-term rental platforms. Because banks often restrict or ignore short-term rental income, many STR investors require alternative mortgage solutions.
Simply Approved Mortgages helps investors secure financing for short-term rental properties when traditional lenders say no.
Short-term rental loans allow investors to finance Airbnb and vacation rental properties using projected or actual rental income instead of personal income.
A short-term rental (STR) loan is a mortgage designed for properties rented on a nightly or weekly basis rather than long-term leases.
Common STR property types include:
Single-family homes
Condos (where allowed)
Vacation properties
Resort-area rentals
STR loans typically evaluate property income, not borrower employment income.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Many traditional lenders decline STR financing because:
Short-term rental income is variable
Airbnb income may not appear on tax returns
Zoning or HOA rules restrict rentals
Property use resembles hospitality
This does not mean the investment is weak — only that the lender is limited.
At Simply Approved Mortgages, our mission is to make homeownership more accessible and affordable. We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, which is generally lower than typical industry ranges. This structure may help reduce certain costs embedded in mortgage transactions, while allowing us to maintain a strong focus on transparency, responsible loan structuring, and service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Short-Term Rental Loans
Use market rent or STR projections
Investor-focused underwriting
Flexible income analysis
Long-Term Rental Loans
Require signed leases
Monthly rental income
Traditional underwriting
Choosing the correct loan type matters.
Short-term rental loans may be available through:
Based on rental cash flow
No personal income verification
Learn More: 👉 DSCR Loans
Flexible documentation
Investor-friendly guidelines
Learn More: 👉 Non-QM Loans
Business-purpose financing
Single or portfolio properties
Learn More: 👉 Investment Property Loans
Approval depends on:
Property location and zoning
STR market demand
Down payment amount
Credit profile
Occupancy rules (HOA / city)
Strong rental markets and higher down payments often improve approval odds.
Mortgage calculators help investors estimate payments and potential returns.
Learn More: 👉 Airbnb Calculator
Learn More: 👉 DCSR Calculator
For general investment property and mortgage education, review:
We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, generally lower than typical industry ranges. This approach may support affordability while providing access to competitive mortgage options.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
At Simply Approved Mortgages, our mission is to make homeownership more accessible and affordable. We operate on a lender-paid compensation model, with average compensation of approximately 1.5%, which is generally lower than typical industry ranges. This structure may help reduce certain costs embedded in mortgage transactions, while allowing us to maintain a strong focus on transparency, responsible loan structuring, and service quality.
We provide access to competitive mortgage options across a variety of loan programs and terms. Our approach focuses on responsible loan structuring based on lender guidelines and borrower qualifications. Explore our mortgage solutions to better understand your available options and how they may support your homeownership goals.
Getting pre-approved for a mortgage is easy with our online application process. Fill out our secure application form, and our team will review your details quickly, so you can start your mortgage journey with confidence.
Once your application is received, a dedicated mortgage specialist will contact you to discuss your needs and preferences. We’ll work together to find the best mortgage options that align with your goals.
After reviewing and selecting the ideal mortgage plan, we’ll guide you through the approval process and ensure everything is in place for a smooth closing. Soon, you’ll be ready to move into your new home!
Prefer personal guidance? A licensed loan officer is available to help.
Yes. Specialty lenders offer loans designed for short-term rental properties.
Often yes. Many programs use market rent or STR income projections.
They can be, depending on risk profile and rental structure.
Take control of your home-Take the guesswork out of your home-buying journey. Use our Mortgage Calculator to estimate your monthly payments and make informed financial decisions.
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Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
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In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!