You only need a license to originate paper if the loan falls under the TILA RESPA guidelines.

Fannie/Freddie changed some guidelines around last September where you can no longer change the deed at closing.You absolutely cannot move into the property until you have closed the refi. 

Hey Hai, I would recommend working with a mortgage broker, familiar with all the lending guidelines.

Their guidelines actually prohibit this.  

It is not the lender but VA loan guidelines. 

Here ALL the guidelines regarding rental income if you need a nap:  Fannie Mae rental income

thank you  Hi Rene,It is most common for DSCR lenders to max out cash out leverage at 75% these days with that being said, there are a select few who will go to 80 with very strict guidelines.

If one has to take care of other family members, then that adds another level of stress and complexity.If someone is on their own and wants to gamble, sure, some will take a shot.

As for the 2-year rental requirement, that's not a guideline we use.

Just seems that with a VA Loan , most properties that are in Foreclosure are going to be hard to Meet and Pass the VA guidelines ....