What are you being quoted for mortgage money?

[Cheryl C.]

I'd like to hear what people are being quoted for conventional investor money and also 5, 10, 20 yr commercial money. Thanks!

[David Beard]

For conventional, AIM Loan has a great web site that is very transparent, and unbeatable rates: 30yr fixed for SFR investment property is currently 4.00% w/ zero points. I don't think they do properties 5-10, however. Other lenders do, like Citibank, though rates will be a bit higher (probably .25 to .50% higher).

https://aimloan.mortgagewebcenter.com/CheckRates/GreatRates.asp?PID=23&r=1

Commercial is highly dependent upon the loan size, which will dictate if you'll need to deal with a smaller local bank, or can get better terms through a larger bank or national lender. Also, are you using the term commercial to refer to non-conventional 1-4 family housing? Or truly commercial properties? For small projects up to 12 units, my local lender is at 6.00% w/ no points on a 30-year 5/1 ARM, resetting to 1yr CMT + 3.25%. U.S. Bank's Small Business Lending arm can do 5yr balloons (20-25yr amort) in the 100k - 1.0mm range for around 4.50%. Larger than 1mm, you have access to longer term fixed rate money at pretty low rates. @darryl dahlen can add more info here.