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Updated over 5 years ago,
Typical lending rates
Hello BP
I'm a relatively new investor with 4 units under my belt and 1 under contract right now. I've only financed one deal and will be financing this property under contract. I wanted to ask what the typical lending rates were for a non homestead investment property? I feel like my interest rates are kind of high for my credit scores. (6.125% for my triplex and 5.875% for this SFH) So I wanted to ask what other people are typically getting and if I should be looking at a different lender or I should just calm down and factor in higher rates in my next property?