First Property Steps To Buy

[Justin Fondren]

What are the usual lending parameters for a person getting there first property with roughly a 700-730 Credit Score and trying to secure a home 200k or under?

Is there a way to have No money Down or Low money down? 

[Vince Scipione]

Standard would be an FHA loan for your situation more than likely. Applying that to RE investing, most would agree your first FHA loan should be a multi-unit house hack. Which essentially means you only put down 2.5% down on multi-unit. Live in one half, rent out the other. Its simple in practice, however you need to make sure the numbers work. Theres a lot of content on here about house hacking. I would dive into that! Best of luck 👍🏻