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Updated about 4 years ago on . Most recent reply

Chase Farley's profile image
Chase Farley's profile image
Chase Farley
  • from Stowe, VT
  • Member since Jun 7, 2018
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Chase Farley's profile image
Chase Farley's profile image
Chase Farley
  • from Stowe, VT
  • Member since Jun 7, 2018
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Chase Farley
  • Stowe, VT
8
Votes |
25
Posts
Starting Out

Triplex higher interest rate?

Chase Farley
  • Stowe, VT
Posted

Hello!

My wife and I are nearly ready to buy our first house. We are speaking to a lender in VT that is wanting a 3.8% interest rate after we put 25% down. Our credit scores are in the high 775+ range, with 5 years of consistent work experience.

Is this higher rate due to having a triplex?

Thank you!

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Jesse Rivera's profile image
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Jesse Rivera
  • Lender
  • from Long Beach, CA
  • Member since Jun 20, 2013
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Jesse Rivera's profile image
Jesse Rivera's profile image
Jesse Rivera
  • Lender
  • from Long Beach, CA
  • Member since Jun 20, 2013
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Jesse Rivera
  • Lender
  • Long Beach, CA
285
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477
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Jesse Rivera
  • Lender
  • Long Beach, CA
Replied

Yes. Multi family pricing is different than single family.

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