I have $20k liquid, a 740 credit score, and I’m ready to get my feet wet.

Their credit scores are both over 700.

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

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

A great cash flowing property that we sold for an incredible short term return.

Its kind of like in Golf where you have some golfers fudge their scores to have lower handicaps than they really do. 

(Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% of the purchase price + construction cost and not 75% of appraised value that I’m used to.I did try a DSCR refi, and after several paperwork being submitted, credit score ran, appraisal bought, only to have my numbers change before signing the docs for closing-so that was a dud.My question, who do you know that’s a reputable Union or bank that’s doing at least 75% of appraised value?

I discovered that credit scores are not the only determining factor for financing.

The market is always evolving and Mark is on the Front Lines along with his students.I felt an instant connection to Mark, he truly is concerned about his student's success, not just selling training material.I found Mark's community to be incredible. 

Nice positive cash flow, stable rental situation, and incredible interest rate.San Diego offers a market a the top ish.