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Updated over 4 years ago,
Looking to get an fnma loan
Hello! I purchased a property with cash 1 month ago and it will take me another month to finish the renovation for it.Today I went to a local bank and they told me that I have to own the property for at least 6 months in order to get a loan from them. Someone suggested to take an FNMA loan. Will this work? Who should I contact in order to get this type of loan? My plan is to rent the property and take the invested money back. Thank you!