As far as compensating factors go I do have a good credit scores. The middle score being 709. I have some savings and could make payments for approximately 6 months if I run into trouble with a renter. I'm also a Federal Government employee although I'm not sure if that would be considered a factor. Can you share what compensating factors lenders normally look for?
Thanks again for all the help.
It can be done but having the compensating factors as mentioned below will be crucial. I have a licensed backdground in both mortgage and real estate and would advise that you definately seek direction from your loan officer.