Credit worthiness, down payment, etc..."

This goes beyond choosing a tenant by their credit score, income and employment, even the richest most credit worthy people can end up being terrible tenants.

The terms still depend on her creditworthiness, DTI etc...

You need the creditworthiness and a good team on board.

On a typical investment deal, it is usually 25% down minimum with slight opportunities to ever get 20% down for high net worth and credit worthy buyers.James Storey, CCIM

Expect the rate to be around 3.25% depending on credit worthiness.  

Makes sense, it is our credit worthiness the lenders care about. 

Hi @Clay Gregord, initially your and your partner's personally credit-worthiness and ability to guarantee the loan will be the primary factor in the bank's determination of "go/no-go". 

These deals usually occur in properties that don’t qualify for institutional lending or are not attractive to credit worthy borrowers.  

No Income Verification, No Employment Requirements - these are for creditworthy borrowers who are self-employed, have lots of assets but limited income or even people with a lot of debt in their name (think full-time RE people).By barring those initial otherwise qualifying measurements - the cash flows of the property become a primary determinant for qualification.