At 541, your partner currently does not qualify for a loan unfortunately. 

Did your buyer simply pay you cash or did they need to qualify and get a loan and did you know if it would be Conventional, FHA, VA, Jumbo or USDA?

You can qualify for another Fannie Mae loan with 5% down, as long as you meet lender criteria, including debt-to-income ratio and credit score.

Another thing to note, certain renovation costs can be eligible for Qualified Improvement Property (QIP).

In fact, AirDNA is so accurate that many lenders will now accept a AirDNA estimate (for non-declining markets) as evidence of sufficient qualifying income on many DSCR (Debt Service Coverage Ratio) loans and mortgages.

Not sure if you'd qualify.

Hi Haiden, are you an agent or do you still need to pass the test and qualify?  

However, if the property is located far enough from your primary home, you might qualify for a second home mortgage, which has lower down payment requirements.At CTF Funding, we specialize in helping investors secure the best financing options.

You can see if you can apply and qualify for a loan through the bank but most banks will follow federal standards and guidelines which allow them to sell the home to Fannie or Freddie if they so desire.

House hacking and FHA loans can help qualify for lower down payment loans, while local banks and credit unions offer favorable financing options.