Compare Investment Property Mortgage Rates | Thursday, October 30, 2025
Rates are current as of October 30, 2025 11:07 AM EDT
APR 6.09%
-0.02% 1wAPR 5.53%
0.09% 1wAPR 7.00%
0.25% 1w
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The Nerdy headline
Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.
Home loans overall
NerdWallet rating
4.5
- Loan origination process can be completed online.
- Offers government-backed FHA and VA loans.
- Offers module that compares mortgage rates among other lenders.
- Offers loans in many states and Washington, D.C., but not nationwide.
- Does not offer home equity loans or lines of credit.
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The Nerdy headline
First Federal Bank stands out for its exceptionally low interest rates and its emphasis on government loans. Most likely to appeal to borrowers shopping for low rates and fees.
Home loans overall
NerdWallet rating5.0
- Strong experience in FHA and VA lending.
- Average mortgage rates are on the low side, according to the latest federal data.
- Minimum credit score requirement of 580 for some loans, which is lower than some competitors.
- No mobile app.
- Home equity lending is not a priority.
- Does not offer renovation loans, but does offer construction loans.
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The Nerdy headline
Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.
Home loans overall
NerdWallet rating
4.0
- Among the best when it comes to online convenience.
- Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
- Claims to offer preapproval within 24 hours of loan application.
- You'll have to complete a loan application to see mortgage interest rates.
- Bank branch locations limited to the Midwest.
- Does not offer home equity lines of credit.
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The Nerdy headline
New American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.
Home loans overall
NerdWallet rating4.5
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
NMLS#1880338
APR
6.18%
APR
6.18%
Interest rate
6.13%
Est. mo. payment
$2,431/mo
Total fees
$2,380
Next Door Lending is a wholly-owned subsidiary of NerdWallet
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The Nerdy headline
Next Door Lending, a mortgage broker, offers expert assistance shopping for and closing a loan, as well as specialty loans at competitive rates. Mortgages are not available in every state.
- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
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The Nerdy headline
Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.
Home loans overall
NerdWallet rating
4.5
- Displays customized rates, with fee estimates, without requiring contact information.
- Offers home equity loans and lines of credit.
- Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
- Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
- Home renovation loans are not available.
- Mortgage rates are on the high side compared to other lenders, according to the latest federal data.
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The Nerdy headline
Better stands out for its attractive interest rates and wide range of mortgage types, including for condos and manufactured homes. Better offers connections with homeowners insurance providers and real estate attorneys, as well as title insurance. However, the lender could improve its customer service.
Home loans overall
NerdWallet rating4.5
- Has a wide variety of mortgage types, including home equity products.
- Offers lower interest rates than many competitors.
- Sample online rates are customizable by location.
- We struggled to contact customer service.
- The lender scores poorly for customer satisfaction on Zillow.
- Does not offer construction loans.
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The Nerdy headline
NBKC stands out for its attractive interest rates and fees, and is primarily an online lender — though its app does not have mortgage features and chat support is not geared toward mortgage borrowers.
Home loans overall
NerdWallet rating4.5
- Competitive interest rates and fees.
- Offers most common loan types, as well as a handful of specialty loans.
- Payouts are available to borrowers whose loans don’t close on time.
- Customer service is only accessible over the phone for many mortgage customers.
- Does not offer renovation loans.
- Home equity products are not currently a lending priority.
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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
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Loan purpose
Loan type
National average 6.16%
Today's average mortgage rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year Fixed | 6.15% | 6.16% |
| 30-year Fixed FHA | 6.12% | 6.86% |
| 30-year Fixed VA | 5.60% | 5.75% |
| 20-year Fixed | 5.92% | 5.92% |
| 15-year Fixed | 5.50% | 5.50% |
| 10-year Fixed | 5.65% | 5.66% |
| 3-year ARM | 8.19% | 7.46% |
| 5-year ARM | 6.63% | 6.93% |
| 7-year ARM | 6.77% | 6.96% |
| 10-year ARM | 6.15% | 6.16% |
Accurate as of 10/30/2025.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
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Today's mortgage rates | Thursday, October 30, 2025
Investment Property Mortgage Rates: What You Need to Know
Kate Wood
Jeanette Margle
How do I shop for current investment property mortgage rates?
Why are interest rates generally higher on investment or rental properties?
How do I compare investment property mortgage rates?
What is a good investment property mortgage rate?
Investment loan pros and cons
- You don't put your primary residence at risk, as you would if you financed your investment property purchase with a home equity loan or a HELOC.
- You may be able to use a portion of the projected rental income from the investment property to qualify for an investment mortgage.
- Investment property interest rates are higher, and though you may be able to get a rental property mortgage with a credit score as low as 640, you’ll need a higher credit score to get the lowest possible rate. Investment loans also tend to require higher down payments.
- Though it varies by lender, you’ll likely be required to have extensive cash reserves. This can be anywhere from four to eight months’ worth of mortgage payments, taxes, insurance and homeowners association fees. That may be calculated per property, which adds up fast if you already own other investment or rental properties.
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