There is a Fannie Mae renovation loan that will allow up to 35k in repairs on investment property.

I have a Fannie Mae property under contract that I originally planned to rehab and sell.

If it's MF, you can get a fannie mae 80% LTV NR loan if the asset is stabilized.

If the lien you bid on was subordinate to that of the Fannie Mae lien, then this foreclosure attorney was in error.

Outside of Fannie Mae, some Non-QM lenders don't use income and employment on the application to qualify based on the DTI.

Stated Income ALT loan programs for Florida are filling the void.These programs are much more lenient and allow Alternative income streams to qualify such as: Liquid Asset calculations for incomeBusiness Bank DepositsPersonal Bank Deposits Expected Income New Employment income1099 IncomeCommissions & BonusesAccount ReceivablesNote Receivables Contracts for future incomeNew Rental IncomeExpected Rental Income from property planning to rentConsiderably different calculations on Tax returnsHas anyone seen these new Stated Income ALT programs that are filling the void between Fannie Mae and Hard Money?

Talk to your local lender that does Fannie Mae loans and see if they will allow this.

The IRS/Dodd Frank rules are different for each scenario, and there are also different Fannie Mae rules governing down payment gifts for owner occupied vs non-owner occupied loans.I believe there's also a minimum interest rate that needs to be charged in the eyes of the IRS for a loan, even between family members.

You have all the files ready to go.Per Fannie Mae eligibility matrix:Primary residence 2 unit: Minimum 15% downPrimary residence 3-4 unit: Minimum 25% downPer Freddie Mac eligibility matrix:Primary residence 2 unit: Minimum 15% downPrimary residence 3-4 unit: Minimum 20% down

How about the new Fannie Mae 3% down loan?