The terms are usually shorter (15yr, max) and the interest rate may be a bit higher, but to me, that's a small price to pay to be able to get money to buy a property that doesn't conform to conventional terms because when you're looking to flip, that's most every property.

With seller financing, there are no bank guidelines or underwriting to conform to so it's really a matter of what you can work out with the seller. 

I have an accepted contract on a property and I'm having trouble finding a bank that won't sell my loan on the secondary market and this property doesn't conform to Fannie Mae criteria.  

It is a good example of what I call a “conforming property”.

Max loan limit is your local conforming loan limit.

Looking at the current and future land use map is what the developer proposing with density and use conforming for the area?

To determine the exact standards that you need to conform with, you will need to fully investigate your individual state statutes and regulations and or hire the appropriate licensed contractors and licensed property managers.   

There is actually a bedroom in the basement but no conforming windows.

Getting conforming commercial financing usually takes about 90 days.

Hi Brie - Its conventional conforming loan. 5% down.