Conventional lending How did you add value to the deal?

Assuming you guys are using conventional lending, if all three of you were on the loan, then this one property takes up a slot in each of your allotments for 10 loans.  

If you just started your business in 2020, you most likely won't be able to get conventional financing.

Conventional 5% down OO loanHow did you add value to the deal?

To refinance at conventional low rates you need net income on your IRS taxes in past two years and YTD 2021-or 2022 if you go longer earnings averaged to be less than 43% of all total bills including the proposed payment taxes, insurance and any HOA.

They both limit the number to 4 and both are pretty conventional looking for W2s. 

Hi, my wife and I are looking for a 1st property in the Smokey mountains or Florida/Orlando using a 1st time buyer conventional loan and we plan on staying there for the year then turning it into a short term rental.

In an ideal world I would like to refinance into a conventional loan if I were able to meet the 80 LTV but the home would have to appraise at $940K in order to do so. $755K/$945K = <80 LTVAny and all help/advice is greatly appreciated!

I did a 5% down conventional with PMI on it, so I owe (according to my loancare.com account) about $186k still on the home.

If you have decent credit and a steady income, then you can get a conventional loan with 3-5% down.