+1 vote
I am being quoted by my lender for a rate at 5.375% on my Homestyle Renovation loan. We have solid incomes, high credit scores, but are only putting about 6% down. I know the rates and closing costs are higher on a renovation loan because of the extra processing and renovation hassle, but that rate seems much higher than a basic loan rate. Is there a standard increase that I should expect from regular, competitive, conventional loan rates?
asked Feb 21, 2018 in Buying a Home by anonymous

1 Answer

0 votes
Renovation Loans are higher than traditional loans
answered Feb 21, 2018 by GustanCho (106,540 points)
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