Owner occupied duplex interest rate vs. single family home interest rate

[Eiger Bern]

With the current 30-year fixed mortgage interest rate at approximately 7.05%, I am curious about the additional interest I might have to pay for an owner-occupied duplex. Both properties have a 20% down payment.

As a well-qualified buyer with an 804 credit score and high W2 income, I expect to receive a prime rate.

I want to ensure that my local credit union isn't offering me excessively high rates.

[Jay Hurst]

Quote from @Eiger Bern:

With the current 30-year fixed mortgage interest rate at approximately 7.05%, I am curious about the additional interest I might have to pay for an owner-occupied duplex. Both properties have a 20% down payment.

As a well-qualified buyer with an 804 credit score and high W2 income, I expect to receive a prime rate.

I want to ensure that my local credit union isn't offering me excessively high rates.

@Eiger Bern    An owner occupied two unit carries a loan level pricing adjustment of .625 with 20% down.

Fannie Mae LLPA matrix

It is important to understand that .625 adjustment leads to about .250% in actually rate difference on originators rate sheet. So, if you CU SFR is 7.05% then likely the 2 unit will be 7.25%~. That being said, assuming credit is good, you should be able to better then that.