Loan Rates / Options
Can someone please post approx rates that have been getting for the following types of loans (my credit score is 780+). I understand this is based on a lot of factors, but I am hoping for some ballpark ranges.
1. HELOC/Heloan - Primary
2. HELOC/Heloan - Investment
3. DSCR (Commercial)
4. Conventional ( 2-4 units)
Other options?
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
- 2,745
- Votes |
- 4,865
- Posts
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
Quote from @Amby Bhagtani:
Can someone please post approx rates that have been getting for the following types of loans (my credit score is 780+). I understand this is based on a lot of factors, but I am hoping for some ballpark ranges.
1. HELOC/Heloan - Primary
2. HELOC/Heloan - Investment
3. DSCR (Commercial)
4. Conventional ( 2-4 units)
Other options?
On 3 and 4, mid 7's to mid 8's depending on the ltv, cash out and myriad other things.
-
Broker
- US Commercial
Quote from @Amby Bhagtani:
Can someone please post approx rates that have been getting for the following types of loans (my credit score is 780+). I understand this is based on a lot of factors, but I am hoping for some ballpark ranges.
1. HELOC/Heloan - Primary - Depends. On a depository likely 9-10% or 11-13% on a wholesale lender.
2. HELOC/Heloan - Investment - HELOC is probably impossible on an investment right now. HELOANs are in the 12-14% range in the wholesale markets.
3. DSCR (Commercial) - 8-9% range
4. Conventional ( 2-4 units) -7.5-8.5% range right now
Other options? Depends on the project but working with a broker is a great way to get an understanding of the products available! Shoot me a DM if you want to connect!
-
Lender California (#NMLS 2147192)
- Atlas Mortgage Group
- 209-329-8567
- https://www.atlasmortgagegrp.com
- [email protected]
Quote from @Amby Bhagtani:
Can someone please post approx rates that have been getting for the following types of loans (my credit score is 780+). I understand this is based on a lot of factors, but I am hoping for some ballpark ranges.
1. HELOC/Heloan - Primary
2. HELOC/Heloan - Investment
3. DSCR (Commercial)
4. Conventional ( 2-4 units)
Other options?
HELOC on Primary: 9.5-11%
HELOAN on Investment: 10-11% on a 10,15, and 30 year fixed term
DSCR Commercial: 7.12-8.25%, Experienced
Conventional: 6.89%-7.5% depending on how it is priced
