If so, you may be able to use the Fannie Mae Homestyle Loan Program.

Hi Jared Carpenter , I work for a Fannie Mae lender.

I came across this guide published by Fannie Mae a couple of years ago.  

Via a special Fannie Mae program known as Delayed Financing, U.S. home buyers and real estate investors are no longer required to wait 6 months post-closing to refinance a home bought with cash.You can now refinance your home within 24 hours of its purchase, and still get access to today's great rates.The "Delayed Financing" Mortgage ProgramFannie Mae first introduced its Delayed Financing Rule in mid-2011.

All major banks on a conventional loan disqualify as they all use fanny Mae/Freddy Mac guidelines (the process always stopped at the question if I am a citizen or at least hold a permanent residency, meaning green card).

Charles Lemelle A lender who can close is rare a lender who can close that 10th Fannie Mae loan is worth their weight in gold.

Also check out some of these websites:  www.homestore.com HUD Foreclosure sitewww.homepath.com Fannie Mae Foreclosure sitewww.homesteps.com Freddie Mac Foreclosure siteThese sites are all free.  

Fannie Mae wants to see reserves equal to six months PITIA (A = anything else, like HOA fees).

I am working to get a first Fannie Mae REO property and all the terms were agreed by both parties via emails today.

When I'm doing a Mortgage for one of my Buddies in our MassRealEstate.net (REIA) I have to use the Fannie Mae guidelines and derate their rents to 75% which they're not happy with, However when you look at upgrades or emergencies that number is not too far off.