Want to use a mortgage for an Airbnb property? Here’s our review of the program and where you get approved.

About The Airbnb Mortgage

Airbnb Mortgage - Pre-Approval - Growella
Use the Airbnb mortgage program for your home

In 2008, Airbnb was founded.

Ten years later, government-backed mortgage group Fannie Mae added a mortgage approval clause allowing Airbnb hosts to use their Airbnb rental income as part of a lender’s approval.

A long-term lease for the rental property is not required, and the program works for all residential home types:

  • Single-family homes
  • 2-unit homes
  • 3- and 4-unit homes
  • Condos and co-ops
  • Townhomes

Airbnb hosts get access to a full suite of mortgage loans, too.

Homeowners can choose from among the 30-year fixed-rate mortgage, the 15-year fixed-rate mortgage, the 5-year adjustable-rate mortgage (ARM), and other fixed and adjustable loan terms. Hosts aren’t subject to penalties, additional fees, or a worsening of mortgage rates.

The Airbnb mortgage option is an ordinary loan with extraordinary allowances.

The program’s primary advantage is how it lets Airbnb hosts declare higher levels of annual income, which results in a better mortgage approval.

Airbnb hosts get access to more loan programs, at lower mortgage rates, and with lower fees as compared to homeowners who use other short-term rental platforms such as HomeAway or VRBO.

Airbnb hosts get credit for the rooms they rent out. Typically, HomeAway and VRBO hosts do not.

The Airbnb-assisted mortgage program is available in all 50 states and Washington, D.C., and getting pre-approved takes less than 3 minutes online.

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