: Aim for at least 680 to 700 . While some lenders accept scores as low as 620, a score of 740+ often unlocks significantly better interest rates.
A Guide to Buying Your First Rental Property - Alterra Advisors buying and renting out property
Before browsing listings, ensure your personal finances can handle the unique demands of an investment property. Lenders typically apply stricter standards for non-owner-occupied loans than for primary residences. : Aim for at least 680 to 700
: Banks often require 6 to 12 months of mortgage payments held in reserve to ensure you can handle vacancies or emergency repairs. buying and renting out property