This would be in central Jersey which is still a hot market as a result of record low inventory.I am planning to do this strategy since I want to put low money down (10%) on a construction loan and achieve a quick build to lower my holding fees. 

For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved). 

Does any lenders offer these DSCR loan terms?

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

I’m currently closing on my first property in 2 weeks using a FHA 203k loan to help with renovations. 

To check if your loan is owned by either entity, use their loan lookup tools: Fannie Mae Loan Lookup Tool Freddie Mac Loan Lookup Tool3.

The Note/Mortgage for each loan states the dollar amount invested & the % of the total loan by name, for each investor. 

You can finance manufactured homes with a DSCR loan. the max LTV is 65% for both purchase and refinance.

I can get it with a DSCR loan now and would not live in it initially, but would want to eventually move into it 6-12 months down the road.

The big difference is DSCR loans are higher interest rates.