Note that this change is ONLY for Fannie Mae loans currently.

Here is the link to the Mortgage insurance removal for Fannie Mae originated loans.

They are 1-4 family residential, government subsidized (through Fannie Mae) loans.

The company I mentioned before (iMortgage) does $35K max VA renovation loans that can be used for any kind of renovation, similar to the FHA 203K Streamlined loan.This means the only base I haven't covered is a renovation loan that allows for more than $35K (not new construction), similar to the Full FHA 203K loan and the conventional Fannie Mae Homestyle renovation loan.It took looking around a lot to find just the two I've found so far, so it's hard, but not impossible to find lenders.  

Also Fannie Mae and Freddie Mac just released a 5% down conventional on an owner occupant as well hence they are out there, however just be prepapred to live in the property for a year.

I just saw a post by @kenny Simpson (who for some reason doesn’t show up in @ search, that said there was a Fannie Mae low downpayment option with no self sufficiency test…) maybe you can find it though I don’t know why I couldn’t mention him. 

I have been trying to also take advantage of the Fannie Mae 5% down-payment option if possible too.

I was thinking of using the Fannie Mae 5% conventional 30 year loan strategy.

Quote from @Michael Hague: Let me add to what Theresa said.

@Jay Hinrichs check out Fannie Mae's stock price.