Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.If you want to close in the name of a LLC/ LLC taxed as an S Corp, or an S Corp, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

I am connected with a few lenders but I'm open to talking with others. 

Did the lender agree to give you a deed in lieu? 

If you’re building spec homes and looking for a line of credit, both options, local banks and private lenders can work, depending on your situation.

Portfolio lender, they’re limited to certain counties though.

Search the forums, asking around, and talk to some lenders.

This VRBO guest had no reviews, joined VRBO in 2024 and was not verified!

This could add some credibility to your reviews and recommendations.

I am neither a real estate agent or mortgage lender.  

FHA allows the construction or renovation of an ADU on the property by refinancing into a 203k loan, but the property must remain your primary residence.This stuff is subject to change, lender specific, and subject to other factors.