Fannie Rate adjustments for investment property

[Todd Willhoite]

I see rates on the internet for primary homes 30 year fixed rates.  Is there a typically formula for how much that rate should increase if the property is an investment property instead of an owner occupied property?  Is there a typical increase in the rate if the house does not have a mortgage but is doing a cash out refinance?

If it makes a difference the property is in Oklahoma.

[Chris Mason]

https://www.fanniemae.com/content/pricing/llpa-matrix.pdf

About 0.5 on that translates into ballpark 0.125% to rate. Add up your adjustments, divide by 0.5, multiply by 0.125.

Lenders are allowed to have extra hits, for example small loan amount is frequently a hit, as is 5+ mortgages. Lenders are not required to disclose this to consumers.