Title: How tough is it to get a mortgage for a rental if your credit isn’t perfect?
Honestly, I get the frustration, but I’m not convinced lenders are just looking for reasons to say no. I think they’re just obsessed with paperwork. My own mortgage app was like a scavenger hunt—bank statements, letters about $50 Amazon refunds, you name it. My credit wasn’t spotless (thanks, 2017 car repair bill), but they still said yes in the end. It was just a lot of “prove this” and “explain that.”
I guess my point is, even with a few dings, it’s not always a dead end. Sometimes it feels like you’re auditioning for a reality show called “How Much Do You Want This House?” but if you keep sending whatever they ask for, they usually move forward. Annoying? Yes. Impossible? Not really... unless you’re hiding something wild in those Venmo notes.
I get where you’re coming from, but I’ve seen lenders flat out deny folks for less-than-perfect credit, especially with rentals. It’s not always just paperwork—they’re definitely risk-averse. Had a client last year with a couple late payments and solid income, but the lender still wanted a bigger down payment and higher interest rate. Not impossible, but it can be tougher than people expect if your score dips too low. Sometimes feels like luck of the draw depending on the lender’s mood that week…
