Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When purchasing investment or rental property, what is the difference in rate for non-owner occupied vs. owner occupied financing?

April 26, 2017Investment non-owner occupied owner Property purchasing rate rental vs

0

Posted

When purchasing investment or rental property, what is the difference in rate for non-owner occupied vs. owner occupied financing?

2 Answers

0

Posted

Conforming non-owner occupied rates are typically 3/8% higher than owner occupied interest rates depending upon the down payment and the number of units (i.e 1 family, 2 family or 3-4 family). The down payment or equity requirement is usually higher for non-owner occupied loans as well, typically 10-30%+ depending on your credit & rental management experience.

0

Posted

Conforming non-owner occupied rates are typically 3/8% higher than owner occupied interest rates. The down payment or equity requirement is usually higher for non-owner occupied loans as well, typically 20-30%+.