normal (current) loan origination rate for an investment property

[Bryan Plumb]

Hey everyone,

We are buying a condo in Hawaii and received our estimated closing costs for our pre-approved loan. This is our first investment property, but I did know to expect higher fees in general. However, was curious if 2.5% was a normal loan origination rate for HI right now? Attached is a breakdown of the estimated fees (loan officer said he estimated high).

[Richard Loniewski]

Depends on the rate you want and how strong a borrower you are, usual range is 1.5 to 3 pts