They'll have to find a home they can afford, and then one that meets the guidelines (needs to be in good condition.) 

Most of my customers who own their own land typically use Fannie Mae since it offers a ower Dp for 2-4 units and the guide lines are more lienant. 

There are others that continue to gamble with floating rate debt.  

Therefore anyone with bank originated construction debt or bridge debt is likely happy right now with the rate cut and narrative surrounding future cuts since in many cases these are adjustable rate loans with floors we likely won't see anytime soon.It will be interesting to see whether this cut gets banks who have been on the sidelines back into the market or alternatively some lenders who have continued to lend but with tighter underwriting to ease their guidelines.

The loose guidelines say that you are allowed 2 heartbeats per bedroom.

My Instagram and FB accounts were Meta verified (@chicagobrie) and someone hacked my linked business account (@midwestresummit) and violated community guidelines.

Each lender will have to follow Fannie/Freddie guidelines unless it's a portfolio product.

These types of lenders often have more flexible criteria and can help with refi for rental properties without all the strict conventional guidelines.

The reason for this is that existing loan guidelines are set up to favor people buying their primary home.

Those in earthquake zones who INTENTIONALLY don't have the readily offered coverages for such, ARE THEIVES by NOT insuring with expectation of DEFRAUDING the rest of us to pay for there gamble.