Buying first home or first investment property. Where to go for financing?

[Pedro Oliva]

Im looking at trying to get pre approved for a loan on either my first home or either my first investment property. I would prefer to purchase an investment property in the form of a multifamily home. Im not sure as to how lenders view lending money if I do not plan to live at the property so if I cannot get financing for this, then I plan on just purchasing my first home since Im currently renting. I feel this may be easier to get financed, is this the case that Im looking at? My credit score is 688, and have about $5k for a down payment if I need to use it all. I belong to a credit union that is known to be extremely difficult to get a mortgage through, and do not want to waste my credit score points on a credit check through them. I have been think about going through Quicken Loans for pre-approval but dont know what are the reviews of going through them. Any input on them? Do you have to be a member of a bank in order to request a mortgage through them? Would I be relegated to buying first home instead of an investment property since I do not plan on living there? Where should I go for financing?