will i qualify to buy an investment property even tho i have never owned?

Absolutely. Whether you've owned or not does not make a difference. Give us a call as we'd love to help. 800-446-9043 ext 801

The owner occupied mortgage rates are a bit better than investment property rates. Having said that since you are intending to rent the condo, please only look at investment property rates, make sure that the condo complex has more than 50% owner occupied rate. To get a mortgage rate that is better than primary home rates, contact Homer at homerfd@yahoo.com or phone 858-774-6637 for wholesale mortgage rates.

You don't need to have owned one to buy one, you do however need to meet all the guidelines in order to qualify. Speak with a local pro and they will go over your scenario and give you your options.

You do not need to have previously owned a property in order to purchase an investment property. You do however need to meet certain lending guidelines including credit score, down payment, income, etc.

You can buy an investment property but you have to meet other parameters like down payment (at least 15% ), debt to income ratios etc.You can contact me for more info at 425-351-5363 or email: daliv@moneytolend.com

Yes, as mentioned previously, you can qualify to buy as a first timer. However, make sure you speak with an experienced lender who can go over a variety of options as well as the pros and cons of each with you. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

If you need to use the rental income to qualify and you have not owned a rental property before or more importantly the last few days then you will need to have a 25% down payment, at least.

WOW. Very interesting answers that I see. If you consider living in the property for 12 months... then you options open up quite a bit for financing. If you plan on leaving before that 12 months is up... then you may want to stick with buying it as an "investment property" which will entail a larger down-payment and a slightly higher rate. On my website we have a great BLOG about the 12 month Owner Occupancy document that's signed at the closing table and how this has become an important part of the current mortgage world. There is the availability to put less than 25% down... but many investors/banks have "overlays" that like a starting LTV of 75%.