Are mortgage rates for a Town house different to a Single Family?

3.99 is a smoking rate.. you should do it.. .. 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. 480-287-5714 WilliamAcres.com

That is a pretty good rate. Go for it.

Your lender is correct. You get a slightly better rate with a 20% down payment. Your rate might go down .125% to .25%. The fact that your property is a Town Home may or may not affect your rate. If your TH is a Condo that is not approved via Fannie Mae or Freddie Mac, then the rate could be impacted. If the Town Home is not a condo then there is no effect on the rate. Another important consideration is the cost of PMI which is necessary unless you put 20% down. This could be substantial as it is the equivalent of adding a half point to the rate. The short answer to your unspoken question is that you have a good rate.

A townhouse shouldn't be any different, but just make sure it isn't classified as a condo; that would make an impact. The rate sounds about right based on the down payment and your credit score. I'd say run with it!

hi: mortgage rates for a townhouse would be the same as a single family...no hit to the rate for a SFR or townhouse but a condo townhouse would be an adjustment to the rate ....If you are remitting 20% down payment, 30 yr fixed with your scores rate is around 3.75% 30 yr fixed with no pts...you still received a good rate at 3.99%...If you'd like to put only 5%,10% or 15% down, check with your current broker/lender if they can offer LPMI (lender paid MI) loans which will avoid your monthly MI...We definitely offer those programs even down to 3% down payment..Mike (Emery FCU 703 505 5300) NMLS 754875