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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]House in is FL. We no longer reside in DC. Purchase price is $600K so loan would be $480. Approximate monthly payment of $2,200 (less than the $3,200 it is costing us to rent initially). Totally reasonable, even if we were to move. Plus it is in a location where it is very very easy to rent out. [/quote]

Have you considered putting 25% down to see if that gets you a better interest rate?  Or enough to get you below the $417,000 threshold, which would likely get you a better rate?

We purchased recently and made sure to put down enough to get us below the $417,000 threshold, which was also more than the now standard 20%.  [/quote]

We are in an area where the threshold is above the $417K. I believe it is $625K.[/quote]

I too am in an area with a $625,000 threshold, but I still believe there are multiple levels within the threshold, below $417,000 gets you the best rate, between $417,000 and $625,000 is slightly higher, and above $625,000 is higher.  If you have not heard of this, ask your lender for more details.  But this was the case for us in NoVA.  [/quote]

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