credit score: 740+ ; LTV: 60% ; PPP=5-4-3-2-1 , Loan >=$300K for rental.

75% LTV at a low 7% rate is definitely possible with a good FICO score, and high PPP penalty.

Non-QM are Generally about 3/4% to 1% higher than Conventional rates, but that really depends on the program, your credit score, LTVs, occupancy status, income documentation type used (if any)...and the list goes on.

super hepful @Chris Seveney @Jeremy Melloul @Bruce Woodruff thank you for your thoughtful and incredibly helpful replies.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Additionally, explore DSCR loans and other commercial lending options, as some might not require extensive experience, especially with a strong credit score like yours.With over 20 years of experience in the Tampa market, I've seen firsthand the benefits of strategic partnerships and informed lending choices.

. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

The average tenant in Trenton City is going to have a sub 650 credit score, a lower wage or unstable job, etc.

Build a Financial FoundationImprove Your Credit Score: A good credit score helps in obtaining favorable financing terms.Save for a Down Payment: Start saving for a down payment on your first property.