([bankrate.com][2])Key Considerations:Equity Requirements: Lenders typically require you to retain at least 20% equity in the property after borrowing.Credit Score: A higher credit score can improve your chances of approval and secure better interest rates.Debt-to-Income Ratio: Lenders assess your ability to repay by evaluating your income relative to existing debts.Loan Purpose: Clearly define how you intend to use the funds, as some lenders may have restrictions.Next Steps:1.

When you purchase I would mention your intentions to the credit union so you can get a jumpstart on what to expect later on.

Super easy to get qualified (you're pretty much good if you have a credit score above 660 and have the cash to buy the property).

@Christina Galdieri, credit unions are generally not the best place to get DSCR loans as they don't specialize in them so the terms are less favorable to the borrower.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Most people never get this far.I want to add: I am familiar with some low down payment programs through certain credit unions that offer as little as 5% down on investment properties.

Ideally someone with a 700 credit score or better. 

Start meeting with lenders, various types like hard money lenders, local banks, credit unions etc. and learn their criteria for investor loans. 

The best way to do it is no mortgage....Second best way I'd say is conventional mortgage...Third best way is a refi with local credit union....Coming up the rear is HML DSCR....