Fannie Mae's definition for second home properties includes "must be occupied by the borrower for some portion of the year".

Mink,I would advise using a Fannie Mae 5% down program to avoid the FHA up front UFMIP finance charge. 

In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment.

Fannie Mae will allow you to count Boarder Income if you are purchasing a new Primary home, have had renters living with you for at least 13 months, have proof of receiving rental income for at least 9 out of the last 12 months, if you qualify for Fannie Mae's HomeReady program (which is an income limited program, you do not have to be a 1st time homebuyer to qualify for this program).

.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.

I'm purchasing the property from Fannie Mae, so there are no disclosures and a general lack of information about the property's history.From what I'm reading on this thread, I need to do at least 2 of the following in order to rent the 3rd:1.)

We am looking at a 203k or fannie mae homestyle loan for the low down payments (recent grads).

In the past 5 months, we have put in multiple offers on REO, auction, HUD, and Fannie Mae properties, without much success.

Fannie Mae's reduction of the down payment requirement for 2-4 units to just 5% for conventional is a game changer and has allowed house hacking to be more attainable.

I'm looking for convention loan. 1 lender told me that per policy by Fannie Mae the required down payment for a single family home is 20% and duplex, triplex, 4plex is 25% down.