2 Family Home Interest Rates? (loan, credit score, fees, rate) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

Jersey25 · 12-20-2013, 10:31 AM

Is it normal to have a higher interest rate for a 2 family "owner occupied" home? For today's rates, with a 25% down payment would a rate of 4.75% 30 years fixed be decent?

thelopez2 · 12-20-2013, 11:03 AM

Did they pull your credit to get a quote or what this all the information you gave them. There is a lot of variable such as credit score, loan amount, fees, FHA or conventional. If you were just quoted a rate without giving a lot of information , it was probably the lowest / best case scenario.

Pfhtex · 12-20-2013, 11:11 AM

Quote:

Originally Posted by Jersey25

Is it normal to have a higher interest rate for a 2 family "owner occupied" home? For today's rates, with a 25% down payment would a rate of 4.75% 30 years fixed be decent?

Yep.