Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

57
Posts
21
Votes
Roger Evans
  • Rental Property Investor
  • Boston, MA
21
Votes |
57
Posts

15% down portfolio program? 6.75% interest

Roger Evans
  • Rental Property Investor
  • Boston, MA
Posted

I found a 3 unit multi family today. I have pre-approval for 15% down on a portfolio program non owner occupied. Interest rate is 6.75% how insane is that? My FICO score is 799 am I getting boned? I’ve never heard of 15% down usually 20-25 minimum.

Most Popular Reply

User Stats

17,765
Posts
30,734
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,734
Votes |
17,765
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

First, on a multi, you are lucky to have even found someone that will loan at 85% ltv. With the rarity of that, yes Id expect to pay a very high interest rate. At 25% down conventional youd probably be at 5%.

business profile image
District Invest Group
5.0 stars
46 Reviews

Loading replies...

1 2