Mortgage rates on bank owned versus "regular" sale home

There will not be a difference in interest rate between a bank owned REO or a traditional sale.

Zero difference, unless you need to use a renovation loan to complete your purchase.. lenders require the property meet minimum property standards, and if it doesn't, then any deficiencies must be corrected prior to issuing a loan.. typically, with REO type properties, they are not in the best condition, and need work, and most banks will not do improvements to sell the property.. if this is the case with a home that your looking at, then you will most likely need to do an FHA 203K or conventional's HomeStyle renovation loan.. these loans will have higher interest rates and additional fees.. 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