Non Owner Occupied - Cash Out Refinance

Are the rates for non-owner occupied loans up 1% higher than owner occupied loans.

Banks quoting me 6.5% 0 points that seems pretty high

Bought the propery cash. My credits excellent and I was looking to cash out 80% of the appraised value.


Normally the interested rate on N.O.O. will be 1.5% to 2% higher due to the fact that its an investment with “More risk” to the lender.

6.5% is not bad for a N.O.O. home, @ 80% LTV.
Maybe you would like to do a buy down on points?

However yes you will see a few % increase on N.O.O. properties.