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Updated over 8 years ago,
Investor Loans for SFR - best combination of price/points
I am getting ready to pull the trigger in next 4-8 weeks on purchasing first SFR rental property. My mid score is 705, have solid/high w-2 reported income and have cash for a 20% down type conventional type program. List price will be between 60-100k (house will appraise for at least list price).
I am familiar with owner occupied financing, but have noticed when moving into investment type properties that fees/points seem to go up. Looking to see what lending options there are that provide best combination of rates and points. Would like to preserve as much cash as possible, so open to other types of options out there that I might not be aware of...
Thanks for any and all help!
Mike