After 4 loans, it's harder to get a standard conforming loan for your acquisitions, which makes commercial lending a more attractive option.

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 are doing conforming loans the rates are generally all the same since they are selling to same secondary market.

Legal entities such as LLC's are not eligible for conforming residential loans, so you'll have to get commercial financing which is generally more expensive and worse terms. 

Draw a line in the sand, spell it out in no uncertain terms and tell him he either tows the line or you will evict. 1) tell him to remove the shed2) remove the swing set3) Clear out common area and back porch4) Get rid of the cat5) Get rid of the boat6) ban the use of electric heaters7) treat the place for roaches8) strictly enforce no pay no stay.You goal at this point in time (tomorrow) is to make him conform immediately or put him out.

They are generally quicker than a conventional, conforming lender with closing time but we still don't want to be in there loan too long so refinancing out should still be a choice after closing.If you still want to use conventional money to purchase (meaning Fannie/Freddie money) then you need to keep in mind a few things:Minimum downpayment on a 4-plex is 25% with Fannie/Freddie (20% is possible with a duplex but not 3-4 unit)If you have a business bank account then you are not required to "source" funds. 

Hello thereI am interested in finding about the Escrow Holdback program (for a house in high price conforming loan limit area) .

Hello,I bought my first duplex using a conforming loan bought by Fannie Mae.

Non-conforming mother-in-law suites will get you part way, but not nearly as much.

The sucky part is that the unit in the basement would be non-conforming since the ceiling height is below 7 ft for Philadelphia.