Financing a rental property

[Dan Cerempei]

Trying to buy an investment property ( residential SFH).Bought my first house 5 years ago. Decided to buy a bigger house, so purchased 2nd house and the 1st I'm renting it out, which is doing well. Now Im trying to invest in a rental ( which will be my 2nd rental),where banks are telling that it will require an investment loan at 5.2%, where both of my homes are at 3%. Any suggestions how do I finance my 2nd rental at 3% with 20% down,,,or is not possible?

[Adam Schroeder]

If your lender is telling you 5.2%, and your credit and DTI are good, then you need to find a new lender. Rates on investment properties with 20% down right now are ~4.25%.