Mortgage Rates for Investors

[Peter Oh]

Hello,

My wife and I recently bought some investment property in Texas in April/May 2017. Our loan rate was 5.125% on the 30 year fix. I was told that it is higher because it was an investment home. The rates right now are about 3.71% for a 30 year fix. 

I wanted to find out if I was getting ripped off or if this is a legitimate and reasonable APR.

Thank you very much for your time!

Peter