Tomo Mortgage 30 Year Fixed
NMLS #2059741 | State Lic: RM.804811.000
- Rate as of 6/21/26
- 5.875%
- APR
- 6.060%Points: 1.608
- Monthly payment
- $2,083Upfront costs: $7,3108 year cost: $162,985
- Customer score
Current investment property rates
Written by
Updated on June 21, 2026
On Sunday, June 21, 2026, the national average 30-year fixed mortgage APR is 6.59%, according to Bankrate's latest survey of the nation's largest mortgage lenders. Use Bankrate's rate table to compare today's investment property APRs.
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Investment property rates today
Showing results for: Single-family home, 30 year fixed and 5 year ARM mortgages with all points options.
The listings that appear on this page are from companies from which this website receives compensation.
Lender
Rate as of 6/21/26
APR
Monthly payment
Customer score
Optimum First Mortgage 30 Year Fixed
NMLS #240415 | State Lic: RM.804405.000
- Rate as of 6/21/26
- 6.123%
- APR
- 6.334%Points: 1.644
- Monthly payment
- $2,138Upfront costs: $7,7828 year cost: $170,433
- Customer score
Real Genius 30 Year Fixed
NMLS #2389303 | State Lic: RM.804955.000
- Rate as of 6/21/26
- 6.250%
- APR
- 6.454%Points: 1.747
- Monthly payment
- $2,168Upfront costs: $7,4448 year cost: $174,044
- Customer score
Sage Home Loans 30 Year Fixed
NMLS #3304 | State Lic: RM.850026.000
- Rate as of 6/21/26
- 6.248%
- APR
- 6.479%Points: 1.967
- Monthly payment
- $2,167Upfront costs: $8,4188 year cost: $174,962
- Customer score
Alliant Credit Union 30 Year Fixed
NMLS #197185
- Rate as of 6/21/26
- 6.875%
- APR
- 7.082%Points: 1.803
- Monthly payment
- $2,312Upfront costs: $7,2978 year cost: $191,578
- Customer score
Optimum First Mortgage 5/6 Arm
NMLS #240415 | State Lic: RM.804405.000
- Rate as of 6/21/26
- 6.623%
- APR
- 6.714%Points: 1.952
- Monthly payment
- $2,253Upfront costs: $8,8668 year cost: $194,417
- Customer score
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Today’s mortgage rates for investment properties
Mortgage rates on investment properties are higher than rates for primary residences. “A very general rule of thumb would be to expect to pay 1-2% more on an investment loan versus an owner-occupied loan," says Jessica Vance, a loan officer at California-based Anchor Funding.
That’s because lenders view investment properties as risky compared to primary residences. If you plan to rely on the rental income from a tenant to contribute to — or cover — the mortgage payments for the investment property, there’s a greater possibility you could default on the loan if your tenant fails to pay rent.
Current demand for investment mortgages
While mortgage rates have remained higher than many buyers would like, the elevated borrowing costs aren't standing in the way of some real estate investors. Vance says the current market for DSCR — Debt Service Coverage Ratio — loans is hot. These loans let investors qualify based on how much income they will make from a rental, rather than relying on traditional methods such as W-2s and tax returns for the application process.
“Our borrowers are utilizing these loans to leverage [them] into multifamily properties, fix them up and re-rent them at higher rates,” Vance says. “This forces appreciation on a property and is scalable for our investor clients with large portfolios.”
However, a recent Redfin analysis shows that housing investment interest seems to be stagnating with the rise in rates. Despite a 2% bump in U.S. investor home purchases in Q4 2025 compared to Q4 2024, investor purchasing has seen little growth for the last two years — and is down significantly from record-breaking COVID-era highs.
If you're considering a mortgage for an investment property, the chart below shows current rates for mortgages on a primary residence to provide a baseline:
National mortgage rates by loan type
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.53% | 6.59% |
| 15-Year Fixed Rate | 5.90% | 6.01% |
| 30-Year Fixed Rate FHA | 6.38% | 6.43% |
| 30-Year Fixed Rate VA | 6.54% | 6.58% |
| 30-Year Fixed Rate Jumbo | 6.65% | 6.69% |
Rates as of Sunday, June 21, 2026 at 6:30 AM
Factors influencing investment property mortgage rates
Lenders typically determine fixed-rate mortgages based on several factors:
- 10-year Treasury yields. Most fixed-rate mortgage rates are benchmarked off of the return of this government bond.
- Investor demand. Lenders adjust rates based on what — and how much — investors are buying.
- A risk cushion. Because investment properties are considered riskier than primary residences or even vacation homes, lenders then add extra cushion to compensate for the possibility of loss. This cushion varies not only by lender but also by your financial profile. A borrower with more debt, a lower credit score or both is likely to be quoted a higher mortgage rate than a borrower with a better financial profile.
How to get an investment property mortgage
Here are some tips to get an investment property loan at the best possible rate:
-
Get your credit and down payment in order
Well before applying for an investment property loan, take steps to improve your credit score — or maintain an already-strong score — and organize the funds for a down payment and closing costs. In general, lenders give the best rates to borrowers with a credit score of 740 or higher and a higher down payment than the lender’s minimum requirement.
-
Take stock of debt
Now’s the time to pay down or pay off debt and understand your debt-to-income (DTI) ratio, which impacts the interest rate on your loan. If you own more than one property, your lender will want to know about any mortgages on it. Ditto for debt like a car loan or student loan. If you plan to buy the investment property through an LLC, your lender might want to see paperwork tied to that, too.
-
Compare rate quotes
When you’re ready to look for properties, get rate quotes from at least three mortgage lenders. These might include a community bank, a credit union or a lender you’ve done business with before. A mortgage broker can also help you find the right loan. Because fewer lenders finance investment properties, this takes a bit more work compared to shopping for a conventional loan on a primary residence. Consider the APR, or annual percentage rate, which reflects the interest rate and any lender fees and points.
-
Research borrower experience
Before you decide to go with a lender, see what others have to say about it. Read consumer reviews, check its status on review sites and see if it's been awarded a J.D. Power award for servicing.
Types of investment property mortgage loans
There are a variety of options for financing an investment property:
- Conventional loans: These widely available mortgages are offered by banks, credit unions and other lenders, who typically resell them to Fannie Mae or Freddie Mac. For a conventional investment property loan, you’ll typically need to put down 15 to 25%.
- Portfolio loans: Some lenders offer portfolio loans, which are not sold to secondary market investors but instead held in the lender’s portfolio. The benefit of a portfolio loan is that it may have more flexible guidelines than a conventional loan for an investment property.
- DSCR loans: A type of non-QM loan, debt-service coverage ratio (DSCR) loans are underwritten based on the income generated by the investment property.
- Non-warrantable condo loans: If the investment property is a condo, your best option could be this type of specialty mortgage.
Investment property loans vs. conventional loans
Rates on loans for investment properties are higher, typically by half a percentage point or more. Here’s an example comparing the payments on a 30-year, fixed-rate loan on a $400,000 home with 20% down:
| Conventional Loan | Investment property loan | |
|---|---|---|
| Loan amount | $320,000 | $320,000 |
| Interest rate | 6.5% | 7.25% |
| Monthly payment (Principal and interest) | $2,023 | $2,183 |
| Total interest paid over 30 years | $408,142 | $465,867 |
An investment property loan lender might require a down payment of at least 15%, for example, while a conventional loan for a primary residence usually requires only 3% down.
Key points to consider
Borrowing money to purchase a home where you don't plan to live will have some similarities to one you plan to occupy – lenders will look at your outstanding debts, your income and your credit history to see how confident they feel you'll be able to repay the money. However, there are some notable differences, too.
| Investment property loans | Primary residence loans | |
|---|---|---|
| Availability | Not offered by every mortgage lender | Offered by virtually all mortgage lenders |
| Rates | Often have higher interest rates | Typically have lower interest rates |
| Requirements | Stricter credit, debt-to-income (DTI) ratio and down payment requirements | Standardized credit, down payment and DTI ratio requirements with most mortgage lenders |
| Property types | For one- to four-unit properties | For one-unit properties or owner-occupied multifamily properties |
| Potential tax benefits | Possible to deduct mortgage interest (within IRS guidelines), plus rental expenses | Possible to deduct mortgage interest (within IRS guidelines) |
Pros and cons of investment property mortgages
Pros
-
You can borrow more compared to a conventional conforming loan. Investment property mortgages don’t have set loan limits, unlike conforming loans.
-
You don’t have to live on the property. Unlike a loan for a primary residence, you don’t have to live on the property to get an investment property loan.
-
You can deduct mortgage interest. If you itemize your tax return, you can deduct mortgage interest, as well as other rental expenses.
Cons
-
You’ll have a higher interest rate compared to a loan for a primary residence. Investment property mortgages are riskier for lenders. Added risk translates to higher interest rates.
-
You’ll need to meet stricter underwriting requirements. When compared to a mortgage for a primary residence, investment property mortgages often require more cash reserves, a better credit score and a higher down payment.
Investment property FAQ
Meet our Bankrate experts
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he spent more than 20 years writing about real estate, business, the economy and politics.
Expertise
- Mortgages
- Mortgage refinancing
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