[quote=spdrun]that will loan on 1-4 unit investment property AS IF it were a 5+ unit or commercial property. You’ll pay 0.5% more for it, Rate fixed for 10 years, 20-25% down.[/quote]
I’m sure that this is possible but I question that it is only .5% more than 10yr fixed FNMA pricing.
There is a big difference on GSE loans on a rental between 20% and 25% equity.
There’s a risk factor with the rate only fixed for 10 yrs.
They are DEFINITELY not selling that loan to GSE’s.
It’s their money, probably being kept as a portfolio loan and they can do whatever they want.
(A fully amortized GSE 10yr loan on an investment property today is 2.75% with no points)
