You will need atleast 20% down, and typically 6 months reserves. Buying Investments Properties is much mor difficult than it used to be a few years back, but Lenders are still doing them. Credit scores have to be in good shape also.

Investment Properties are considered risky in the eyes of the Lender, so the riskier the loan, the more solid the Buyer will need to be, and the higher the down payment amount. I don't want to make it sound like it is near impossible, but just be prepared to put 20% down and have some reserve money saved up.

Hello Donna, you would need to speak to a qualified loan officer to best answer your question and guide you in the right direction. If you would like to talk to one and I will have one give you a call.

Take care.