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Updated 4 months ago on . Most recent reply
Financing for Duplex
Hey everyone,
Exploring financing options for a duplex in New Haven, CT. The lender my agent put me in contact with is telling me that rates for an investment property are currently low 7's with 2 points. 30 yr fixed no Interest Only.... Can anyone confirm this? Thanks!
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hey Matthew -
Rates can vary depending on the specific scenario—things like property value, LTV, cash flow, credit score, and whether or not you want to buy down the rate with points all play a role. The low 7's with 2 points sounds possible, but it really depends on those factors. Happy to connect if you'd like!