What are the chances of banks lending to me?

[Joseph Renteria]

Hey Everyone!

New to the BP community and am so thrilled to of found it. As someone who is just getting into REI, I've already learned so much great information and plan to learn much more.

I want to eventually buy a rental property but am worried banks won't lend to me since I would be using my first property as a rental rather than living in it. I am also under the impression that banks want some sort of collateral to secure the investment loan, which I have none of since I don't own.

I'm 23 and don't own a house, currently renting. My DTI ratio is 23%, including rent. Even with a ~100k mortgage my DTI would be less than 35% while still renting. Credit score is 815, never missed a payment.

I will be reaching out to banks soon enough but wanted to see what you all thought of my situation and how likely it is they would lend to me. 

Thanks! Any advice is greatly appreciated :)