FHA's website states: "Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs.

I strongly recommend an American Express product as soon as you can get one.  

Where as the bank you are talking to only has their rates and their products.  

@Nick VanDer Sluis I have message you where you can find list of lenders for this product.

I'm going to need a foundation specialist to advise me on that one before i put out a real number.1 wasn't interested1 just ghosted me the day i was supposed to go look at the houseand i have 1 more that we haven't set a date to look yet.So that's been the first 10 i've looked at. one of which i found on craigslist.

Turnkey- I personally don't like the turnkey model, mainly due to the fact that most products sold via turnkey are in C/D areas, thus making you totally dependable in your Property management company 5.

He's the king of creative financing.I will tell you that there are some really great hard money products on the market now and many people are able to buy distressed properties for pennies on the dollar, renovate them and then either flip them for profit or get into long term financing using hard money for the acquisition and renovation funding.Usually 10% interest only and 3-4 points are where the costs fall (not to mention draw fees and underwriting/doc prep fees).Stephanie

If the property is far from you, they will prefer you have a local property management company with a track record.Lots of local banks will not be happy about financing a property in a manner that gives you all of your cash back. 6 months seasoning gets you into a loan product where you can get a favorable appraisal.

Following several of the local REI Facebook pages, I found that they are either ghost towns, or bulletin boards for sales, neither of which seemed to help at all.

Conventional can still be a great option if finding the right lender, but we've found different lenders offering quite different products currently.