Simultaneous Apps for 2 SF Investment homes in Missouri

[Terri Donovan]

Both homes newer single family homes under contract for 205ishK; in Missouri

Joint Application: Credit Scores High 700s; low 800s; 

25%+ down, 

47% DTI w/o rental income; under 40% with 75% of market rate rent on new homes

long employment history; 

significant reserves; 

down payment in 1031 escrow account ready to go.  

We have owned two investment properties for a total of 15 years.  

What rate should I expect for 0 cost loan? 

Who would you recommend?