What kind of interest rate to expect on first investment property

[Jonathan Steiger]

I know a lot of things have to be placed into consideration and every individual will not be the same, however generally, what interest rate should I expect on my first investment property?

Don’t currently own a house (first time home buyer) and the property is a duplex. We will not be house hacking, as we currently travel for work.

One bank is offering 5% with 25% down and another is offering 5.5% with either 20% or 25% down. Both banks are saying that is pretty standard.

I feel like they aren’t even accounting for credit score or financial situation. They just act like it’s a pretty standard rate.

Do you think it is possible that we get a lower interest rate in this situation, say 4.5% ?