Skip to content
Real Estate News & Current Events

User Stats

7
Posts
1
Votes
Jon Abadia
1
Votes |
7
Posts

What are the interest rates now a days for an investment property

Jon Abadia
Posted Apr 25 2021, 20:18

What are the interest rates now a days for an investment property?

I got quoted a 4.12 the other day... is this a tad high or?

User Stats

138
Posts
102
Votes
Ryan Herting
  • Lender
  • Philadelphia, PA
102
Votes |
138
Posts
Ryan Herting
  • Lender
  • Philadelphia, PA
Replied May 5 2021, 10:41

Hi @Jon Abadia,

What is your credit score, LTV, loan size, class of property? If you'd like you can DM me this.

That is a great price and below where the market is which is 4.5-5.5%

User Stats

11
Posts
4
Votes
Brett Silverstein
  • Investor
  • Texas
4
Votes |
11
Posts
Brett Silverstein
  • Investor
  • Texas
Replied May 5 2021, 11:22

That seems about market rate right now in our locale.

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

1,825
Posts
990
Votes
Jason Wray
Pro Member
  • Banker
  • Nationwide
990
Votes |
1,825
Posts
Jason Wray
Pro Member
  • Banker
  • Nationwide
Replied May 17 2021, 16:37

Always take into consideration the Fixed ARM products 3/1 - 5/1 or 7/1 Fixed ARM for investment properties. With rates still hovering around 2.75% it's not a bad idea considering most investors refinance within 36 month period in most cases.