@Molly KimDid you ever find the site you were looking for?

If you can manage 80% LTV you can cash out refi with Fannie Mae with better rates.

DSCR cash out is probably going to give you the best rates and lowest fees compared to a Fannie Mae or Freddie Mac investment property loan.  

the higher the tier you are in, the better your rate will be on your loan.For real estate, Fannie Mae has these guidelines published:https://selling-guide.fanniema...For other banks it is just up to their individual lending standards.  

Says this is according to Fannie Mae requirements.I explored seller financing but she wanted prime +1% and full asking price and was not able to convey existing furniture to me... so it was less attractive to me.We'll see if it sits on the market, and comes down in price and I can then make another offer.Thanks again!

Yes, you can use FHA and Conventional program for a primary home if you are buying a "Distressed" property - (Will not pass an inspection) "Subject to">  FHA offers a 203K loan and Fanie Mae offers a Home Style program which has the sole purpose of working with distressed properties. 

If you used an FHA, VA, or Fannie Mae to close on the home (primary).

Mortgage rates will be back down it's not "if" it's a "When" and that is very soon keep in mind the rates took a dramatic drop end of December into the first 2 weeks of January but it was too short of a window for the media or general public to notice until the 1st CPI index report with "Garbage numbers" so it caused a pull back on the bond market and MBS.There are some loopholes right now in FHA, VA and Fannie Mae since we are seeing more "Margin" built into pricing.

I am looking at FHA and the new Fannie Mae 5% down payment program, but someone mentioned a 5% down payment program with Cambridge Savings Bank that had no PMI.

Hi Billy - Molly Tennant.