1st RE Investment Interest Rate
Hello to all, this our 1st investment property & im wondering with a property that shows as a Duplex at the county but is an actual triplex (2/1, and 2 studios) with a credit score of 790 what type of loan is best & what should my interest rate be? I’ve been quoted 8% non-QM with 15% down, or 6.125% conventional with 25% down. Only the 2/1 and ONE studio have permits pulled. Any better terms/loans out there so I don’t have to come out with so much down with a decent interest rate? Is a permit for a studio actually required if the structure of the home hasn’t changed?