Rude awakening with Financing a rental?

[Marty Summers]

All,

For some dumb reason I thought I could by an investment property with great credit and 20% down to secure a 30 year term.  I was told by our Credit union that the max term they will loan is 15 years.  

Is that true for all of you guys and gals?  I obviously want the lowest payment but the banks want to put the noose around you with this stuff.

Any advice is appreciated!!  What do you all do?

-Marty