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What are investment property mortgage rates?

Investment property mortgage rates are the interest charges investors pay to finance a property solely for investment purposes. These rates depend on the investor’s creditworthiness, the cost of the property they wish to acquire and the type of lender they work with.

Are mortgage rates higher for investment properties?

It’s no surprise that rising inflation influences mortgage rates and that rates have risen — but they’re even higher for investment properties. Though rental property mortgage rates can vary, they are often at least 0.50% to 1% higher than rates for a primary residence. Why are investment mortgage rates higher?

What are the mortgage requirements for investment property?

1. Check Investment Property Loan Requirements Investment property mortgages typically have stricter requirements than mortgages for primary residences due to their higher risk of foreclosure and default. Most fixed-rate mortgages require at least a 15% down payment with a 620 credit score for an investment property.

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