Updated about 3 years ago on . Most recent reply
Looking for a lender
Hi there!
I’m looking to buy a single family investment property in my personal name. I was just quoted 7.6%, which I think feels a little high (cited Fannie Freddie new rules from earlier in the year). Can someone point me in the direction of a trusted lender that is offering competitive rates?
750+ FICO score, 80% LTV, $250k purchase price in GA
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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
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At that point it wouldn't be worth your time to shop 3 brokers when those are the going rates for conventional investment property loans.
If the deal makes sense, you can always refinance the loan.
- Erik Estrada
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