Best Mortgage deals for Chicago 3 unit

[Boris Le]

Hello,

I wanted to see about getting the best mortgage deal in the Chicagoland for a 3 unit building. So far the deal I have secured is 3.75% with 10% down and no PMI, and it comes direct from the bank. Does anyone know of any better deals or ways to get better rates? Thank you very much! PS. I am a complete novice in this so please excuse my lack of knowledge ahead of time.

[John Warren]

@Boris Le as you think about this question, what constitutes the best deal for you? Are you trying for the lowest rate? What about the lowest down payment possible? I have noticed over the years that a lot of my clients are very rate sensitive when they buy, but then they turn around and try to cash out refinance a year later! What are your goals with this loan? Is this truly going to be a loan you hold for a long time? 

In terms or rates, I have recently seen a client close with a sub 3% interest rate on a 4 unit here in Berwyn. I believe there was a rate buy down involved, etc.