This month we raised rent by $100 per month and the existing tenant prepaid the full year!  

But here are all the details straight from the horse's mouth: https://www.fanniemae.com/content/guide/selling/b2...The article you reference mentions rehab costs being included in the refinancing but that's not listed in the Fannie guidelines: "The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan."

Not just the interest rate, but length of loan, prepaid expenses, points, as well as how much down they want their borrower to put in.

It is combined with" CalHFA Zero Interest Program (ZIP) for closing costs, prepaid items and principal reduction."

I thought I read something about if a pet damages something and you had a fee, that in some jurisdictions that was prepaid damages and it caused some other issues because of that if it ever went to the court.  

The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).  

Not familiar with conventional 3% down, no PMI......perhaps it is "prepaid PMI", where they add the fee to your loan balance or raise the rate to pay for it out of the spread premium?

Your loan officer can give you an estimate, but your total closing costs including prepaid insurance and taxes will run about 5-6%, plus your down payment.

Closing costs are generally broken down in to loan costs, pre-paids, and taxes and fees.  

They would explain that as the lack of an escrow account puts them at higher risk.The general term for the money you have to bring to closing for the escrow account is called "pre paids".