Rates on investment property in Florida?A potential business partner and I are wanting to buy a condo in the Destin area. Rental income is our main focus. We have been working with a realtor down there, and she turned us on to a local lender. We were quoted 6.5% rate with 1% origination fee. He has not even gathered our credit/income/debt info yet. Is this the kind of rate we can expect? I know investment property rates are typically higher than a primary residence rate, but that seems absurdly high.November 11 2010 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.