Legal entities such as LLC's are not eligible for conforming residential loans. 

I think these are only conforming loans that are available in your situation. 

Residential conforming loans require the 1 yr occupation unless you get an "investment" conventional loan.Other than mortgage fraud issues, if you just "wake up" one morning before the 1yr is up, I don't think the 'power thats be" will know in it of itself. 

It states as follows:"Subject's use is legal non-conforming which means that if the subject is ever destroyed by a fire, it cannot be rebuilt as such."

Property was not suitable for financing due to distressed condition and non-conforming status.

@Billy Trent IIIFirst, you can't get a conforming loan for such a small amount.Second, I guess the direct answer to your question is, "yes.." 

For conforming loans, they are all being resold to the same secondary market, so the rates are going to all be really similar. 

If you hold Title via a legal entity such as a LLC, as I think you have surmised the entity is not eligible for conforming residential loans. 

I would keep it simple and purchase them with conforming residential loans, so one property per loan. 

Otherwise, my only other option would be to do a conforming loan with a minimum of 20% down.