Do rentals in area impact lending

[Dave Myers]

Hi all - I'm in an area with HOA and one of the residents wants to amend the HOA documents to limit the number of homes which can be rented out. He indicated that the number of rentals in an area can make the area "high risk" to lenders. One possible exit strategy I had when buying my home was the possibility of renting it out in the future rather than selling it outright. With that in mind, does anyone know if there rental homes impacts a lender's loaning decisions and to what degree? Clearly the lender factors in credit score and that carries a lot of weight in the decision. Along with employment history, etc. Does the number of rentals impact their decision and to what degree?

Thanks!

Dave