Hi I am renting a room out on a home and was wondering how or where can I perform a background check and credit score on this person. 

I have my own opinion regarding trying to predict future rates, but I will keep it out of this post.So, I'm looking for feedback regarding whether this is a fair rate in today's market in Illinois.Credit score = 800+ and townhouse is classified as si gle family attached, all factors pointing towards a lower interest rate on the spectrum.

well, I will be heavily traveling for those 3 months and I am able to command a pretty decent profit on the rental, and I can use the spare cash ;) (great tenants - 760+ credit score, 4x income etc.). 

Most require 20% down, but you might be able to get as low as 10% down depending on your credit score. 

We thought it would be extremely easy to get a 50% LTV with no debt and a 700 credit score.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

With the mortgage I can get (according to the mortgage person 3.99rate with 830 score credit) 20k gift from NY state, so I could make an extension and make the 3rd bedroom and in the future sell for more.

And I’m working on getting my Credit Score higher.

I would go to a mortgage broker to find out how much money I would qualify for with my income and credit score.  

However, as hot as this market is, I am sure this property will be gone at that point.The asking price is $273k, I have approximately 30-40k to put down, and a 750+ credit score.