Interest rates for Single Family Residences (SFRs) and Townhomes are the same. There are no “add-ons” or “hits” for financing a Townhome/Planned Unit Development (PUD).
Condos, however, with loan-to-values above 75% have rates approximately 1/8 to 1/4 percent higher than those associated with SFRs and Townhomes.
Condo buyers looking for the very best interest rates need to put down 25% or more.
Lastly, we often have buyers and borrowers confuse Townhomes with Condos. We will discuss the distinction in future Comments.
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