Generally lenders are strict for investors with bad credit but they can be more lenient with you since its your home.I would start by getting with a mortgage broker or local credit union (more flexible than typical bank like Chase) and figure out how much you can afford without a renter. the reason being that the bank is going to take this approach as you are a new investor.

Chase, Congrats at starting an early age.

@Chase NyeWelcome.

@Chase Nye - I've been in Utah for over 11 years now and I'm pretty bullish on the single family housing market for the next couple years at least. 

I do not typically chase after a client who says they are interviewing other agents.  

Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.

Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.

Do some googling and searches on BP and you'll run across some people who have wasted a ton of money chasing info that can be found here for free on BP.

I was also thinking of going for a credit card from Chase, the one that gives you your Credit Score every month (gotta pay focus on building my credit score as I have no credit history).So on to the question..Do you have any preferred Credit Unions you use, and why? 

Chase is offering 5/1 ARM loans with 30 year amortization and NO BALLOON.