What kind of loan terms are we seeing right now

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What kind of loan terms are we seeing right now

Joseph Weisenbloom
Investor · Austin, TX · Member since 2013 · 443 posts · 174 votes

I am currently shopping around for loan terms on conventional financing. What kind of rates are we seeing out there right now? What percentage down payments are required for investment SFHs, duplexes and fourplexes?

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    Well it depends on if you are talking about properties for investment or a primary residence.  For a primary you can get away with as low as 3% down on a Fannie loan right now. Investment property is going to be 20% minimum.

    You can always see the weeks average rates on owner occupied properties from the weekly Freddie Mac survey.  Link below.  For an investment property, depending on your person situation you may only pay .5% above the average, or up to 1.5%. I typically pay about .75% above the average on my loans.

    http://www.freddiemac.com/pmms/

    [email protected]301-893-4635Podcast Guest on Show #192
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  • Joseph Weisenbloom
    OP
    Investor · Austin, TX · Member since 2013 · 443 posts · 174 votes
    10y

    @Russell Brazil I was referring to loans for investment properties. Thanks for the link.

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  • Chad Harter
    Investor · Denver, CO · Member since 2015 · 23 posts · 8 votes
    10y
    LoanDepot does 15% down on investment properties.
    1Reply
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