In general, you’ll probably pay one to three percentage points more in interest for an investment property mortgage. According a November 2017 article in The Mortgage Reports , a buyer with a 720 credit score financing a personal residence with 20 percent down would qualify for an APR of 3.875 percent.
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How to Buy a Condo for Investments with 10 Percent Down. – While there are numerous arguments in favor of buying your investment condo for 20 percent or more down, namely, lower interest rates and a smaller amount to borrow, you may be able to pull off a.
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But if that same borrower were to buy the identical property as an investment home, the borrower would probably be charged an interest rate of 4.875 percent with the same down payment of 20 percent, Parsons said. If the borrower came up with a larger down payment of 25 percent, the interest rate would probably fall to 4.5 percent, Parsons said.
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How Much Down Payment Do I Need To Buy Commercial Real Estate? – But we are speaking in generalities for any type of investment property; whether that be an apartment building, a strip mall, a single-tenant store, or anything that would be considered commercial real estate. Most lenders are typically going to require 20 to 25 percent down payment to finance any type of commercial real estate.
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With conventional financing, the typical expectation for a down payment is 20% of the home’s purchase price but with an investment property, the lender may require a down payment closer to 30%. It.