Interest rates vary between lenders and are based on the borrower’s credit history. However, the maximum interest rate for loans under the REEL program will not exceed the interest rate on new 10-year treasury bonds+, plus 750 basis points (which is equal to 7.5%) For example, if the interest rate on the new 10-year treasury bond is 3%, the maximum interest rate under the REEL program could not exceed 10.5% (3% + 7.5%). Visit the lender chart page to see what current lenders are offering.
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What are the interest rates for the REEL program?
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