3.875% Interest Rate for Investors in Reno, NV...

3.875% Interest Rate for Investors in Reno, NV...

Jake AndronicoBusiness Member
Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes

We just discovered a pretty incredible builder incentive here... 3.875% interest rate, even for investors!! Turnkey townhome product that comes with all appliances, blinds, washer dryer, and is completely ready to rent from Day 1. 

This is fixed for 7 years, then adjusts after that. 

What's the best rate you guys have seen for investors recently in your market? 

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Member since 2019 · 14 posts · 7 votes
1y

Yes! I saw this at the DR Horton. My client was pre-approved for like 6.5%, then we went to go look at those and I was shocked! I called my preferred lender who had him pre-approved at the 6.5% and she decided she was going to buy one of those using their financing even though she's a lender haha

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  • Member since 2019 · 14 posts · 7 votes
    1y

    Yes! I saw this at the DR Horton. My client was pre-approved for like 6.5%, then we went to go look at those and I was shocked! I called my preferred lender who had him pre-approved at the 6.5% and she decided she was going to buy one of those using their financing even though she's a lender haha

    • Jake AndronicoBusiness Member
      OP
      Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
      1y
      Quote from @Bradley Berger:

      Yes! I saw this at the DR Horton. My client was pre-approved for like 6.5%, then we went to go look at those and I was shocked! I called my preferred lender who had him pre-approved at the 6.5% and she decided she was going to buy one of those using their financing even though she's a lender haha


      Ha! Hard to argue with. They HAVE to sell their product no matter the market conditions. 

  • New to Real Estate · Member since 2019 · 48 posts · 43 votes
    1y

    Any idea if these builders still offer such incentives for investors?

  • Jake AndronicoBusiness Member
    OP
    Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
    1y

    @Kevin Lee

    Yes sir. Message me for the info. 

  • Member since 2021 · 27 posts · 6 votes
    9mo

    @Jake Andronico what's the HOA's on these townhomes? Are there lots of vacancies with these?

    • Jake AndronicoBusiness Member
      OP
      Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
      9mo
      Quote from @Lawrence Ng:

      @Jake Andronico what's the HOA's on these townhomes? Are there lots of vacancies with these?

      Under $100 a month for HOA. There are also single family homes with this interest rate incentive for investors. 

      No, these stay generally more occupied because it's some of the nicest inventory available (brand new). 

      If you want more info I can shoot you a private message, just let me know. 
  • Member since 2021 · 27 posts · 6 votes
    9mo

    @Jake Andronico sent you a message. are there extra fees for snow like snow removal?

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