Question about getting my secound home loan

[Crystal Wilson]

Hi! I just bought my first condo in Colorado Springs. Fha loan 3% down. Hud home. For 15,000 less than what its worth:D. Now im wondering how i get my second home loan. I realize it will be 20% down. Conventional loan? Or investment loan? Not sure what type it would be called. Im using it as a rental. And i will rent the one i have now.  Question is, to get approved for a loan what are the requirements? Do i still have to keep my same job/profession? I want to move citys or states. And ill probly get a pay cut if i get a new job, even in the same profession. Id like to change jobs and become a airbnb cleaner or somthing like that.     Sorry so long thank you!!!

[Bill S.]

@Crystal Wilson so the job and income from it is probably more important to getting conventional (30 yr fixed) loans than anything else (even down payment). Taking a pay cut and changing professions would be a huge flag for lenders. They don't like that. I would guess it could be done but you should really talk with a mortgage professional before taking that leap of faith.