Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.

Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation) are two government-sponsored enterprises (GSEs), established in 1938 and 1970, respectively.

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

However, the ex wife name remains on the loan itself.

You guys need to get rid of that student loan debt.

It is easy to underestimate the timeline.It is easy to underestimate loan costs.

Then any rental income you could obtain from that property could be used as an income source for loan pre-qualification.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

Because we have a very large community of investors that buy thousands of homes across the country every year, we are able to negotiate better buying opportunities (and loan options) than you would likely find on your own as an individual investor.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.