Investment rates 20% conventional, please share.

[Luis De Jesus]

I am surprised the forum doesn't have a thread were the community posts kinds of rates on loans they are able to get.  If there is such a thread please point me to it.  Otherwise, I'd like for you to share what rate you've been able to lock or close for 20%-25% down conventional investment property loans.

Thanks in advance for your feedback.

[Luis De Jesus]

Quote from @Andrew Garcia:

Hi @Luis De Jesus, the issue with that is that rates are determined by a variety of factors, not just the down payment.

In fact, pricing is determined by 11 factors. 9 of them are determined by you and your scenario (credit score, property type, LTV, occupancy type, etc.)

The other two factors are lender/broker profit margin and market conditions.

Since I only have a few of the factors, I cannot tell you what an accurate rate for you would be.

However, making some assumptions, you would be looking at a rate of 6-6.25% with no fees or points.

Take that with a heavy grain of salt as your scenario will likely be different.

Hope this helps! Let me know if I can be of any assistance.

@Andrew Garcia  Thanks for your input.  I was quoted a 6.85% with 2 points 20% conventional assuming a 300k purchase price on investment property, two weeks ago from a lender that preapproved me.  Credit is at 780-790. They said they wouldnt require any reserves as my credit was perfect, although I have much more than 6 months in reserves.  I am curious to see what others are seeing not as a metric of what I am going to get, but as a metric of what is possible for some people out there.