Yes, your rate will change but not much if you have good credit it will go up around 5.875% to 6%.

Any local bank that does this kind of financing should be able to approve you as long as you have a good enough credit score and never declared BK.

Well, when goes down that's bad for buyers.

Credit?

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

Too bad we'll never know...

I racked up debt, at times putting expenses like property taxes on a line of credit.

If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

The true censorship now is basically anything that makes the company looks bad, and that's not for the best of the forums.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.