When you run out of governemnt subsidized money (e.g. an under market, Fannie Mae subsidized loan) you may see the value-add the portfolio lenders bring to the table.

Does anyone in the BP Community have any input on the Fannie Mae HomeStyle Renovation Loan? 

If you stick with a 1-unit (SFR) property though you should able to use the Conventional 97 loan from Fannie Mae which only requires 3% down.

The Fannie Mae HomeStyle Loan is another type that I know only requires 5% down, seems to be a pretty common option around the city as well.

If you're close to 100% it is a significant ding on your score, which makes qualification harder.The Fannie Mae Selling Guide is helpful for understanding the requirements for getting a loan.

Quote from @Sheila Mae: Hi Zach!

It's now been confirmed that not only FHA but Freddy Mac and Fannie Mae has been included in the moratorium on evictions until the end of the year. 

Anyone apply for the New HARP refinance program named as Freddie Mac Enhance Relief Refinance)?If so, plese tell me how to go for it? whats the process? I already talked to my mortgage company and they are looking for it

I would ultimately like to have 20 to 30 of them but of course starting small and using a TK model of sortsis my Fannie Mae 10 property limit going to hurt me - is it worth it financing homes that are on the smaller side < 200K and renting out at around 1.1%All advice and critique is appreciated and am happy to follow up with any further information that would help 

And, it's pretty boring stuff, HUD, ALTA, AIA, building regulations, Fannie Mae, FDIC, etc.When I say "reasonable price" I don't mean what is reasonable for me I mean reasonable for the young family guy with responsibilities working an hourly job just making ends meet.