Have you looked into a new loan enhancement Fannie Mae has to the HomeStyle loan?

The Fannie Mae 20% downpayment loan program will not allow you to purchase in an LLC.

@Alan Dunlap this can get complicated in a hurry so I'll try my best to keep this brief.Loans originated by FHA/Fannie Mae/Freddie Mac/VA are not subject to QM loan restrictions....that is one reason why they can exceed the 43% DTI ratio (and other rules) that QM loans require.  

I feel like Fannie Mae's guidance says it's 6 months if you paid cash (since you never had a loan on the property) and 12 months if you have an existing loan. 

Regarding titling a home to an LLC, I do not think that’s allowed for an FHA loan, but do know that it’s possible for a conventional loan underwritten through Fannie Mae, depending on your loan servicer.

Where can I find this information on the official Fannie Mae website?

Hopefully that is a good sign for future growth.One other key factor I'll highlight to make sure you are aware of is the new Fannie Mae/Freddie Mac regulations that went into effect in March 2023 regarding refinance timeframes.

I am also looking to talk about the new 5% down Multifamily Owner Occupied Situation with Fanny Mae insuring it at 5% now?

I went back to my lending agent and asked for this letter and after reaching out to his superiors he was told that because the loan is held by Fannie Mae/Freddie mac they would be forced to invoke the due-on-sale clause if I did a quit claim deed on the property. 

HI SharonWe are looking for a lender [FHA or Fannie Mae ok] that will allow the rents from the proposed rents from the proposed ADU.