APR% for Investment Property higher?

[Devon L.]

Hi all, 

Quick question, I'm in the market for my first investment property and the first mortgage company quoted me 5.427% on a 30 fixed mortgage.  The 2-3 family units I'm looking at are between 55-70K.  One company told me that they couldn't lend money for investment property under 100K and asked that I raise the amount (which is asking me to take on more debt to meet their standards).  My question to you, is this rate unreasonably high for someone with fair credit investing in a rental unit?  I am in the process of cleaning up my credit reports which should move me up to "good" in the next 3 months.  I was hoping to have something fixed up and fully rented before winter comes around.