It is easier for me to rent out a $1500 duplex compare to $3000 SFH. 1-4 units is considered conforming loan.

Originally posted by Tim Wieneke:I'm sure now we're going to hear about the write in for the pre-withdrawn Republican candidate and how much of a difference it made.So, now you're lecturing me on the personal decision I made in the voting booth because it didn't conform to one of the two parties in power or to your "standards"?

Most consumer direct lenders charge a standardized origination fee that consists of processing and underwriting which normally should be in the range of $1200-$1800 + your standard 3rd party charges of title and escrow which again should be around $1500 for a conforming loan.

Big banks are horrible for non-conforming loans, even if you slap them in the face with the cash to pay it back.

@Braulio EspinosaThere are many properties that are legal non-conforming (setback requirements changed after home was built).  

Does anyone know if a conforming mortgage could be used on a property that is currently on the (Montana) cadastral as a commercial property, but which could be used as a home as it is?

Hello I have an accepted contract on a 5plex / 6K Sq ft 25 Room 15 Bed  that has been abandoned and reclassified as illegal non conforming. 

Zoning  often changes and most large cities will have a method to document existing non-conforming properties to allow the property to continue to operate.  

We would be forming an LLC for this deal, but from what I understand, the terms on the mortgage would be much better if  the loan was conforming and was taken out by my parents under their name. 

I get a little confused about the difference between conventional/non conventional and conforming/non-conforming.