/debt you are telling us, you would qualify for great conforming rates. are you looking to do fha for the 3.5% down payment?

If you have income coming in from that property, it will help your income level and your DTI (though there are new rules about how long you will have needed to be receiving this income for a conforming loan).Talk to a lender before you proceed and waste both your and the bank's time.Also, while Jon may been seeing banks only come down small percentages where he is, I've seen banks drop prices by 20-30% off list if the property has been on the market for a while.

IMO, states may simply change notices required to conform to Dodd-Frank in foreclosure requirements without breaking down origination dates and setting different standards, so address this with your attorney.

I believe they (conforming loan underwriting guidelines) use 75% of gross rents to offset mortgage payments on rentals.

EM squabbles much easier to pitch to title or attorney and stay out of those squabbles other than to write your EM release addendums and see if the buyer and seller will conform.. that's my take on Trust accounts.. 

So $10k downpayment, versus $20k downpayment if I just went out an purchased a fixed up property.You determine the rehab cost and as long as it conforms to their guidelines, it should receive approval.  

Their loans were considered "business purpose loans" so they didn't have to conform to TRID guidelines (see hyperlink below), Dodd Frank disclosure rules and even licensing requirements.  

Some people cash out refi to but addition properties in cash, some have large down payments, some have large cash reserves in the bank they are taking the loan from, some people just have a really good relationship with the bankers they are borrowing from, some use portfolio loans that don't need to conform to fannie and freddie standards etc.

Reason: I can't get approval for a conforming loan based on taking a commission based position without at least two years of income history.

To be honest, I haven't used a conforming 30-year note in so long, I don't know that deal any more.