You cannot get a conventional loan on two different properties.

Anyone have an idea of what conventional financing terms (rates, term, LTV) are available these days for refis?

@Christian WeberMaybe if you buy using a conventional loan the 100 miles rule doesn’t apply

Convention financing with 20% down.

He would have trouble when it came time to refinance into a more reasonable conventional loan. 

SO, I do not meet the work/income history requirements for an FHA or Conventional loan (to my knowledge).

You plugged in a way too low rate for a conventional long term loan and costs. 3.75 30 year with $2500 on a cash out 4 plex investment loan you need 2-3 points or more to buy down to that rate so add $2400 + to your $2500.

Conventional Loan.We had an offer before of 305,000 but fell thru because a ****** appraisal of 284,000 using comps from 8 months ago and wouldn’t consider the new comps . 

If you are okay waiting 25 days to lock in good long term financing on a conventional loan instead of paying points and high interest on HML, those 25 days are definitely going to save you money in the long run.

A conventional investment loan will be limited to 80% of appraised value, usually called "20% down" although if the sale price is below appraised value that gets you in with < 20%.