I'm interested in buying some investment properties and am curious whether I'll qualify for a mortgage. My scores are in the 600-650 range, largely due to a recent 30-day late and a paid collection account. My income is good. I'm looking at buying single family tenant-occupied houses with positive cashflow. I'm willing to put down 20%-30% and pay up to 7% interest. Will I qualify for investment property mortgages?
Any day of the week you will and make sure you get a couple of different estimates along the way. Good Luck!
