How much impact doe the home type have upon mortgage rates? For example, if I was to buy a SFR or a condo, or a town-home, or a detached condo (no common walls, own all land and house, just share a common piece of land) etc....is the rate increased significantly or just a smidge? Say 0.25% or something, or would it jump by 2, 3 or 4 %???
Thanks,
BooBoo

For the most part there will not be a large increase, if any, for condo's, townhomes, and etc, vs. single family homes. Highrise condo's, or those located in a complex where a large number are NOO can have a higher increase in rate, but still only around .5-.75%. The larger increases come with multi-unit properties with 3+ units, or very unique properties that are hard to finance.

Boo Boo..
To be honest with you, in my experience it depends strictly on the Lender, the type of property, and the buyer's credit... If you are interested in this type of specific detailed information, I would speak to some lenders, not necessarily Loan Brokers (middlemen, as they may or may not know, but Lenders... You may be surprised in the answers you get...

Duane