Making Seller Pay For Points

1 Reply

I'm really interested in the idea of asking for a seller to buy down my interest rate.  Unfortunately, my lender says 2% is the max buy down...or about a half a point total.  Are there any other ways to get the interest rate down for long term rental property offers.

Originally posted by @Ryan D. :

I'm really interested in the idea of asking for a seller to buy down my interest rate.  Unfortunately, my lender says 2% is the max buy down...or about a half a point total.  Are there any other ways to get the interest rate down for long term rental property offers.

 2% is the fannie cap for non owner occupied, no matter what it's applied to.