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Updated over 12 years ago, 08/03/2012

User Stats

107
Posts
13
Votes
Asher Anthes
  • Charlotte, NC
13
Votes |
107
Posts

Points on a small loan?

Asher Anthes
  • Charlotte, NC
Posted

I'm looking to purchase my first investment property in the 50 - 80k range. I've talked with a few lenders, and it seems that I will be hit with up to 5 or more points because of the small loan amount, my credit score (690) and only 80% LTV.

Is this pretty typical for a small loan? Can I expect most lenders to hit me with this many points in my situation?

Thanks,

Asher

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