I've spoken with lenders doing Fannie Mae loans and they can use local LTR rents as income without it affecting your DTI.

Hello,I'm currently trying to purchase a Fannie Mae home using a VA loan during the first look period as an Owner Occupant.

Hello,I'm currently trying to purchase a Fannie Mae home using a VA loan during the first look period as an Owner Occupant.

Partnership at this price point can be tricky, if you have not already do so, reach out to a broker lender and see what you can afford.The Fannie Mae guidelines for 2-4 multi units have been updated.

As of this weeekend there are new Fannie Mae guidelines that allow you to buy a fourplex with 5% downpayment. 

We are hoping to find a conventional lender willing to lend at 15% down that may need to portfolio the loan if Fannie Mae won't allow for duplex second/vacation home properties.

Was told that for primary multi-family...FHA:1-2 units there is no requirement, 3-4 units is 3 months reserves requiredConventional: 6 months reserves required (per Fannie Mae)

That is why Fannie Mae and Freddie Mac just made 2nd home loans way more expensive because so many people were committing occupancy fraud.

So, is Molly's Reach still running in Gibsons?

@Wayne Brooks hit the nail on the head.Your lender is trying to help you.Fannie silently changed their policy recently to allow transfers into an LLC without violating the due on sale clause if: (1) the mortgage was originated or purchased by Fannie Mae on or after 06/01/2016, (2) the LLC is majority owned by the transferor, and (3) the transfer doesn't violate the security agreement.https://www.fanniemae.com/content/guide/servicing/d1/4.1/02.html