src=/program_offices/housing/rmra/safe/sfeaLastly, I like a Contract for Option coupled with a Lease, so they need to complete the Lease before they receive an option to buy.Bottom line, have the licensed mortgage originator give an opinion on lendability for conforming and non conforming loans, and have the FICO coach give an opinion on improving their FICO score before they move in.

If you do become licensed you may even be able to then add that piece of it to your already existing web site and social media posts, again, so long as they conform to the rules for your state and/or agency you end up with.I say go for it.

Unfortunately if you are seeking FHA or Conventional conforming loan, the underwriting requirements will be similar.

Most banks sell their conforming loans to Fannie & Freddie, so their guidelines are interpretations of Fannie & Freddie's.

Simply put, you want a vanilla 30-year Fannie-Freddie conforming note - correct?

I'm not up to ten conforming loans yet though so no big issue for me personally.

Just be aware that the terms are not nearly as attractive as a conventional conforming loan.  

You may be able to do a planned unit development (PUD) to get 3 or 4 non-conforming lots approved but in a hot market the planning department may be swamped and this could lead to delays.I'm not an expert on lending but I would think the land would need to be worth at least about $580k if you want to demolish the existing house and still maintain a 80% LTV.

I think having LTR that have been recently converted to STR/MTR might equal not getting to count that income and cause DTI issues when I'm using typical conforming loans and the VA is particularly rigid.

Good for short term fix and refinance into conforming or conventional loans.