INVESTMENT PROPERTY Conforming Loans are available only for Owner Occupied residences. This can include second homes, such as vacation homes. This does not include investment property, such as normally used for rental property. Most lenders do make loans to qualifyed investors for just this purpose, however. Investment property loans are more closely in line with the prime rate, and normally limited to 80% of the purchase price or appraised value, whichever is lower. A good rule of thumb is that the interest rate will run about 2% above Conforming Loans. The Plainsmen Group has customized loan programs for property investors. For more information regarding these programs, call or e-mail a Plainsmen loan officer.