Interest rate for investment properties

[Eric Lee]

Hi All,

I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property?  My lender quoted me at 5.375% for rental property loan with 20% down (150-200k purchase price).  Looks like current rates for a regular loan are in the high 3's or low 4's.  Is this difference to be expected from most lenders for a rental property?  

Thanks!