@Vince Nguyen Yes you can absolutely do that, but there are lender specific guidelines you have to meet. 

FYI, an order has been filed in the lawsuit Kiyco Concrete v BTC stating the case will go to trial in the 5 weeks starting October 14th.  

Also, a basement with a poured in concrete foundation is a lot easier to finish and waterproof. 

I believe they changed the guidelines years ago on the amount of seller assist you can receive on an FHA loan, so I’d look into that with your mortgage company before making an offer, but definitely use that to your advantage when writing an offer!

I love Cross Country specifically because they can service their own loans meaning that they handle all the construction draws and payment processing.Plus, I like Homestyle over 203k because they don't have as strict of guidelines on what has to be renovated.

I think the biggest benefit of the AIA system really shakes out to be the effective & clear communication of the guidelines and procedures for construction management, which tend to be much more muddied in the residential world.

@Ahmed MoustafaThe general Fannie Mae guidelines you mentioned are for non-renovation loans. 

Conventional loans underwritten by debt to income/DTI will require 12 months due to Fannie Mae / Freddie Mac guidelines.

Perhaps use nonpayment of rent as a general guideline.

There is not chart, there is a website called Vyzer that tracks this if you are an investor and use their platform.I know this does not give you a specific answer of XYZ, but I hope this helpsPS:As a moderator I am not employed by BP but volunteer to moderate the posts to make sure they meet community guidelines.