The construction financing is a program that requires the builder to already own the lots.

Hi David,With a Non-QM program, you can vest in your personal name at closing.

I believe he meant to reference this particular program, to have the limit changed to 5%. 

Any non QM/portfolio lenders here on BP familiar with the owner-occupied programs that are out there?

I unfortunately didn't find any value in the program. 

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.

This criteria is for 1-4 and 5-8 unit programs.

@Christopher Phillips   maybe i'm reading this wrong, or it works differently in NY, but a 6% seller concession normally means the seller is giving the buyer 6% of the purchase price to use however they want in the transaction - be that for closing costs or principal reduction or down payment, whatevs.A seller typically doesn't have a say of what can and can't be included in the borrowed amount, that's up to the lender and the loan program. 

Hi Sean, There are programs available for first time investors.