It is all a stupid scam to get you into buying their latest new program. 

I've been looking at all of the different programs out there and its challenging just to determine fact fron fiction.

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

Would need to live in the home as primary at the time of closing on either program.

Non-QM are Generally about 3/4% to 1% higher than Conventional rates, but that really depends on the program, your credit score, LTVs, occupancy status, income documentation type used (if any)...and the list goes on.

Since you are using the property and renting, you'd want to look into a second home or vacation rental loan programs.

Should let them know 300% makes them eligible for LOOP program. 

Buying with a NON-QM program is the best way to go about it nowadays, as 1: it won’t report to credit reports, 2: quicker closings 3: it won’t ding your DTI .

@Benjamin Hazlett will need to use a different program.

However, the LLC will not be liable for VA loan mortgage payments.Also remember, any given loan provider DOESN'T CARE about your asset protection, the loan provider only cares about protecting its interest on the payments due.Essentially, a refinance will allow ownership and loan program conversions.Loan transfer restrictions on VA loans do exist, so tread lightly.