@Niki Cao Most banks won’t finance you unless it’s 25% down depends on occupancy and units. I would say from 4.8 to 7.5.
@Thawda Aung The lender let me put 20% down. Just want to know what is the interest rate everybody is getting.
@Niki Cao SFH or condo? How is the credit score?
@Jeff Dulla SFH, credit score 750+
Mine is 800, just got 4.65 on a duplex 30 year
@Niki Cao If it is a $300,000+ loan amount, 45 day rate lock or less, 5.25% is what we are quoting today and we are normally pretty darn competitive. So somewhere within that number. Rate is a decent amount higher at 20% down versus 25% down.
thanks for all the inputs!
for a 80% ltv single family property Inv purchase ..rates likely in the 4.625% - 5.25% range ( depending on loan fees )
I got 4.25% in January with 25% down on an occupied duplex. Probably closer to 5.25-5.625 with 20% down now, shop around for sure and find the best rate. Good luck!
Two weeks ago, we had the option of 20% down-5.375% or 25% down-5.175% on a 30 year fixed for our conventional investment rate.
My local bank is offering a 5.5% 5 year adjustable on 20 year term with 20% down.
Looking for 3-4 plex, non owner occupied. Forget about interest rates, I can't find any place to let me do 20% down instead of the standard 25% down. Saving that $10k or so would be nice to move towards the next deal. But, I was quoted 5.25% 30 year fixed for 25% down. I'm not going to say it's collusion, but you look up the definition and decide for yourself...
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