Conventional Loan in Indiana

[Randy G.]

I am attempting to get a conventional loan for my 3rd rental house property, which will be located in Fort Wayne Indiana. I received this feedback from my loan officer's underwriter today;

"We cannot use POA for an investment transaction (see page 15 of our conventional guidelines). Also, all borrowers must have a present US address to be eligible. If the Houston property is currently being rented out, and the borrower does not otherwise maintain a US address, he would not be eligible. (A relative's address cannot be used if there is no evidence that the borrower is actually maintaining residency in the relative's home.)"

Has anyone seen this issue in Indiana or other States?