@Atul Mohlajee, these mortgages that have to be coded "Fannie Mae Only - No Overlays" aren't priced quite as good because there are fewer investors on the secondary market that will purchase them.

I'd prefer NOT a 203K - maybe a Fannie Mae Home Style Renovation loan.

-Read the Fannie Mae and Freddie Mac regulations.

Portfolio or Fannie Mae Renovation or any other options?

@Barb Niehaus In my experience, only fannie mae and HUD give any preference to an owner occupant. 

@Michael B.For my rentals, I know that I have not been able to get a Fannie Mae backed loan/refi until I have owned the property for at least 6 months and I am pretty sure the same goes for owner occupied property.

@Molly O'Leary @Brian P.

I'd suggest checking out some community banks in your area where they're not going to be using GNMA, Fannie Mae or Freddie Mac as the loan investor.

I noticed the deed was assigned from Fannie Mae to JP Morgan back in 2014.

When doing our research we found that Fannie Mae notified the previous owner, the HOA, the city of miami, and everyone else that they are initiating a foreclosure on the property.