Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
What's the avg interest rate for 30yr mortgage loan 2021?
Hello, everyone. I'm thinking of investing in SFH turnkey properties out of state with RentToRetirement, like in Ohio, Indiana, and Chicago and I've contacted the some of the lenders they've recommended to me. But I'm wondering what's the average mortgage rate nowadays for a 30yr loan with at least above 700 credits?
I was wondering if these are good rates to you?
20% down-4.875% with 1.25 points
25% down-4.75% with zero points
25% down -4.125% with 1.25 points
Single family
$525 bank fees plus any points above
1 point=1% of the loan amount
Most Popular Reply

- Rental Property Investor
- Denver, CO
- 3,664
- Votes |
- 1,888
- Posts
Lending is such a dynamic space right now that changes on a daily basis. We always recommend getting multiple quotes for loans. Please keep in mind it's not just about the interest rates however. When comparing apples to apples across the board with different lenders you will need to know what the interest rates are, what % down you will be using, what the total lender fees are, any points being charged & what loan product specifically you are looking at. For a 30yr fixed loan that is fairly competitive (still historically low rates). Might find slightly lower rates, but would be accompanied with a much higher loan fee so it really depends on what is in your best interest. We usually recommend getting at least 2 or 3 quotes from different lenders. Can't compare to Canada as they don't have a 30yr fixed loan product. Rates have bumped up slightly over the past month so you're likely in the 4s no matter what at this point on a pure investment property (not primary residence), but big picture still a great time to use leverage with historically low rates, and to mitigate your exposure to the crazy amounts of inflation we are going to see over the next few years. Just my two cents on the topic.
- Zach Lemaster
- [email protected]
- 800.311.6781
- Podcast Guest on Show How to Fund Real Estate Deals Right Now
