I'm in escrow on a property right now. What rates have you gotten *recently* for residential investor loans?
You are probably looking at mid 5's right now
what is :
type of property
credit: very good
Was quoted 5.875... seems high.
Could be a bit high depending on if there’s points or not. Otherwise that’s probably about right. Duplexes get higher interest rates usually
I just realized I never followed up on this... after some shopping, a local bank was able to do 5.35% back in May with a 45-day lock. Very pleased.
My credit union just told me 6% for 5 years - adjustable every 5 years. Nope