Just wondering if other investors are seeing better rates & terms for investment properties. Looks like rates just kept going lower and lower for a primary residence.
30yr at 3.0%, 20yr at 2.875% and 15yr at 2.5% no points for $485K (personal home mortgage). 3.425% was quoted for $1M (60% LTV) as I'm may borrow more to fund new property investments.
Just wanted to refresh this thread - I have heard some lenders are increasing their minimum loan size and treating each property as its own entity - therefore houses in cheaper areas are more challenging to get a quote at all bc it is not worth their time. In addition, LTVs for non-primary in some cases have slipped to 60%.
If anybody is seeing higher LTVs and lower loan limits, especially in TN and Indiana, would be grateful.