There are some new hits that were recently announced from Fannie Mae for the LLPAs (loan level price adjustments) that will increase the cost/rates for second home financing.

All conventional home loans must abide by Fannie Mae/Freddie Mac regulations.

When you apply for a home loan we only look at the monthly payment and on student loans we only hit you with .50% of the payment or in some cases if it is deferred for 12 months we can ignore it all together depending on the program you choose, for example; FHA, Fannie Mae, Portfolio etc.Another trick is if the installment loan on a car/vehicle only has (10) months of payments remaining or less we can "Omit" it all together.

The 5% Fannie Mae conventional product for 2-4 is great and do you have to worry about the self sustainability test like you would on FHA.

Quote from @Molly Arnott: @Andrew Steffens not sure where you're getting your data but the Boise market has not crashed.

I currently have a Ginnie Mae loan and I would like to transfer title of the house to an LLC.

Quote from @Molly Arnott: Hey Isaac, congrats on this new venture.

Travis,Fannie Mae and Freddie Mac both have renovation loans that allow you to do this with as low as 15% down on the renovation + purchase price as long as the home appraises at that value or higher.

Well Molly, that is Hennepin County for you.  

However, Texas Eviction is telling me that since my loan is "federally backed" (my understanding is that this means that Freddie Mac or Fannie Mae owns my mortgage loan) that I have to post a 30-day notice instead of a 3-day notice.