Pensacola Florida Lenders
I am looking for a good lender in Pensacola Fl on investment properties.
I would like:
-15% down
I am already in contract with a close date of Jan 12th and currently do not like the rates of any local lenders or banks I have found. I really need suggestions.
Most Popular Reply
Zach Falbo what rates are you being quoted. Here are the components of what will determine your final interest rate:
Down payment-15% - known
Credit Score-?
Type of property-SFD; condo; multi unit 1-4
Occupancy type - investment - known
For the most part lenders all get their money from the same place; so rates should not vary too much from one to another. If it varies, it usually is by a margin of 1/8th to 1/4 difference.
Don’t base your decision on just lowest rate. It’s important, but my recommendation is to find someone that’s competitive and will be a resource for you long term.
Good luck.
Cheers,