For example, if you have the property deeded to your LLC...and your LLC is owned equally by you and your partner....then Fannie Mae would want you both on that their loan. 

Construction loan through community bank, and then refinanced via a non-recourse small-balance Fannie Mae loan (10 year term/30 year am/3 year IO).

Riley Blake As an FYI those going through loans backed by Fannie Mae, you can only wrap 2% of your house value in closing costs into the loan. 

These products are a great fit for buy and hold investors and offer favorable terms and underwriting processes compared to traditional Fannie Mae and Freddie Mac loans - also helps you to get around maxing out your 8-10 loan limit with the government loans.

Fannie Mae and Freddie Mac have many different affordable housing programs out there and some allow 2nd's to carry to weight of the down payment and others do not. 

Thank you in advance.There are plenty of mortgage brokers out there that can do that, but it's not Fannie Mae or Freddie Mac money. 

@Joseph AmmarHUD and Fannie Mae lend to home owners.

It might be a more balanced 4-6%.This isn't exactly what you're asking , but I just read the winter 2018 Fannie Mae report on multi-units in Denver (i.e.: apartment rentals).

@Alison Rauch if you are planning to buy and hold you may want to do some research on a Fannie Mae Homestyle Renovation loan.

This does not affect you per Fannie Mae.