Triplex higher interest rate?

5 Replies


My wife and I are nearly ready to buy our first house. We are speaking to a lender in VT that is wanting a 3.8% interest rate after we put 25% down. Our credit scores are in the high 775+ range, with 5 years of consistent work experience.

Is this higher rate due to having a triplex?

Thank you!

@Lamont Chen

Thank you for replying! That makes sense. We informed the lender that we are wanting to have the property become our primary residence in May, because our lease isn't up until May, and we want to make sure the current tenants are safe in the winter of a pandemic.

Do you believe that delay would make it so it's not the primary residence anymore?