non occupant interest rate vs occupant interest rate

It depends on your loan-to-value, but at 75% LTV figure 1/8 to 1/4% higher.

If your talking FHA won't be a difference.If your talking Freddie Mac then there may be a slight difference in rate. It really depends on entire loan scenario.

could be more significant difference if the property will be considered an "investment" or rental property, also depending on your credit score. You cannot get FHA financing usually for any home you will not be occupying unless they are offering special financing for a home they own. Keep in mind that downpayment requirements are higher for investment property as well (15-20% minimum). A vacation home (generally more than 50 miles from your primary home) the rate is the same but downpayment is 10% or more.

Hi Linda, Non-Owner Occupied interest rates are slightly higher than Owner-Occupied interest rates. If you are just Co-Signing as a Non-Occupant Borrower than there would be no difference in the rate. If you have additional questions or would like a few loan scenarios please call me at 303-521-7169 or email at loanofficerseanyoung@gmail.com or visit me at my office at 7000 E Belleview Ave #200, Greenwood Village, CO

If you live in the home, and something goes wrong financially versus an investment property... Which home are you more likely to care about? Obviously this is the home you live in. because of the additional risk, a home you do not live in comes at a higher interest rate.

It depends on whether you talking about an investment property or are you talking about being a non-occupant co borrower/ co signer for someone else... if it's an investment, then yes.. investor loans are inherently more risky, and because of that, they charge a higher interest rate and require larger down payments.. if your talking about co signing for someone, but you have no intent on living in the property yourself, then this scenario is still considered a owner occupied loan since the person your co signing for must live in the property.. this loan would have no difference in the interest rate.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

assuming that you are talking about the difference between buying an investment property or a home that you will live in....? You can assume that the rate will be about .250% to .375% higher on an investment property. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

When the property qualifies for a fannie mae or freddie mac conventional loan there is at leasta 1.75% of the loan amount increase in cost for the nonoccupant or investment purchase. That could translate into half a point higher in interest rate for the same cost as for the primary occupant purchase loan.