Where to go for investor mortgage loan?

I am interested in buying foreclosure property and have 10% down payment.
Where do I go to get investor loan?
I went to morgage borker I had financed my house but he said need minimum 20%.
Please share your experience or suggest.

thanks in advance

I am getting offers but they all are in 2600+ range where the rent I can get is $1800-1900. High morgage payment is due to PMI.

Your mortgage broker is misunformed or has limited associations with lenders. ANY experienced broker can get you a loan on investment property for you. With the right credit score and financial profile you can get 100% financing, 95% is fairly easy to get and 90% is a no brainer.

The person below does not understand the difference in lending guidelines between owner occupied property vs investment property. They also have no idea what mortgage brokers do if they think a broker "lends" money.

Get experienced advice.

There are banks and other lending institutions that will take 10 % down or less due to a home being foreclosed on. The first thing you should do is check with the lending institution that is doing the foreclosing and deal directly with them because they might be able to give you better rates to take the house off their hands. Banks aren't property owners per se they are financial institutions that are in the money business. So the better the offer you make they more like you to take the unwanted property off their hands. Mortgage brokers aren't sometimes helpful in these situations because they are lenders that work basically to strictly sell mortgages and not repair someones foreclosure problems. So best advice look first at the institution that is foreclosing then at other lending institutions that might make the sell to the foreclosing institutions. The mortgage broker is looking at his cut not yours.