Since the borrower collects payments and not making them, generally the accumulated interest owing starts the date of the mortgage/note and are usually higher than conventional. 

Thanks in advance.  90% LTV product cash out is for primary residence and has no monthly MI pricing is about 1-1.375% higher than conventional going pricing so there is a slight premium for it but it is 30 year fixed and available for those who need the money compared to other options available.You can always transfer to LLC later on once you've seasoned your payment history on the loan for 6+ months to be safe.

One thing that might be causing an issue is that the house has a cesspool (normal for this area) that's less than 100 feet from the well, so due to FHA standards we can't sell to FHA buyers, just buyers with conventional financing or cash. 

At that point, I'd rather use hard money to fund the downpayment and go the conventional route - at this point at least.

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.

I have learned a ton on these forums though I’m posting for the first time.what does not get mentioned enough is that if you want to scale slowly using low money down FHA/conventional loan approach and live in there for 1 year, at a time, you should not write off all the rental income on your most recent tax returns for the existing rental properties.

We don’t collect for taxes or insurance premiums at closing, because we don’t allow those to be escrowed on the program, which can ‘lighten’ the up-front expense, compared to conventional mortgages. 

Question 2: Will conventional lenders do a rate and term on one loan if he has a second position on the house? 

Hi Gregory,Exceeding your DTI ratio can make it difficult to qualify for a conventional loan, but if you haven't considered DSCR loans, they could be a great alternative.

Since this can be treated as 7 different properties, can I get a conventional loan or will this still require a commercial loan?