what is the current 7 year arm rate on a 6 unit property with 25% down payment

Is it performing? Is a corporation or an individual purchasing the property? Where is located?

And most importantly the loan amount?

Need a little more information.

on 5 yr arm I have 4.375% with 30% down , purchase , fully occupiedCharles Berokhim516.728.5212

What's a 1 carat diamond worth?? the answer is... no one knows unless they can look at the complete picture.. not every project will qualify for the same rate.. it's the complete package that needs to be looked at to determine what rate you would potentially get.. and if your serious at all, then you certainly wouldn't want to turn to an internet post to get a rate quote.. your just setting yourself up for disappointment.. Contact a local mortgage broker and let him look at the complete details of your scenario.. once he has all the info, it would be real easy for him to get you an accurate quote.. no more guessing... 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

6 unit property will not be a confoming loan, glad to see there are some here that have options

with 30 % down payment the rate on 7-year arm is 4.25% with no prepayment penalty. the program is available in all new york city counties and long island. thank you, g. schneider

It will depend on a little more info for a correct quote since how long of a term you have will make a difference when it comes to commercial property. I would contact a couple of the local guys below who are giving you quotes and see what they have to offer.

Anything larger than a 4-plex is considered a commercial project. Rates and terms will vary significantly between lenders and the qualifications of the borrower. Your best bet is to work with a local Lender that considers this type of property. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950