I have a nearly perfect credit score and I'm gambling on that for my first project.

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.

Welcome aboard Katie, I'm originally from Eugene.

Right now, a reasonable estimate is a low double-digits interest rate (say 11%-14% for example) with a few origination points (say 2%-3% for example).

Originally posted by @Eric W Plourde:Hello, First post!

Today you might save 7% annually plus 1%+ on day 1 with origination and if there’s any chance to get even a 1/4th point lower rate with 25% down you’d be getting another 3/4’s of a % on your down payment.

You can compare it to someone you met having $1M and thinking they must be doing something right, but was originally given $10M. 

I can offer an attractive interest rate for my borrower that we are both happy with, and zero points to originate the loan - also beneficial for the buyer. 

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

If it helps, 800 credit score and theoretically could build for cash...but cash is earning more and doesnt want to tie up the liquidity.