Can I only get a 15 year mortgage?

[Marty Gold]

my LLC partner told me that he just learned we cannot get a 30 year mortgage on our first (possible) rental property. Is this true?

And what are the current rates being offered, roughly?  Does anyone know.  We can put 25% down and each have 800+ credit.  Total loan will be $120k-$170k for the places we are considering. 

Clearly this is our first purchase. Can anyone please clear this up.  Thanks. 

[Frank Jiang]

Originally posted by @Marty Gold:

my LLC partner told me that he just learned we cannot get a 30 year mortgage on our first (possible) rental property. Is this true?

No.  Probably a crappy overlay at that individual lender.  I would go shopping.

Mid 4% to low 5% for rental.