Blown Away - 7.5 % with 2.25 points

[Pavan Kumar]

Just got of a call with the Builder's lender financing team. This is for a new construction SFR (expected completion - Sep 2024) which will be used as Investment Property.

That's the rate they quoted (7.5% with 2.25 potins ) as of  today with 25% down , with 800 Credit score, Zero Debt.  Phew !!  I mean , Is there anything at tall  i could do to get better rates?  More downpayment  does not change the rate as well (I did ask .)

Sure ,Will be shopping for better rates ,when we get close to closing .Was hoping i would be in the 6.5% range with no Points.