Will I be able to obtain mortgage?

[Ken Lou]

Hi everyone,

I'm planning to buy a single family home under $150,000 as a rental property. I'm a foreign investor (but have green card) and have no income history in the states. I have a credit score of 704. A paid-off property valued at $340,000 located in Seattle. and saving of $100,000 at the bank of america.

1. What kind of loan will I be able to obtain?

2.home equity vs mortgage, which one is better for me?

3.Currently I'm living in California, Should I find a local lender here? or find a lender in the state where I'm going to buy the property that I'm interested?