Fannie Mae and Freddie Mac, the government-sponsored enterprises that drive many of the underwriting decisions lenders make, have guidelines for evaluating conventional borrowers with no traditional credit.Each loan program and lender has its own requirements, but generally to qualify with nontraditional credit you'll need to have made 12 months of timely payments for at least two to three types of continuing obligations, such as housing, utilities and insurance.Be prepared to provide documentation of your payment history, such as canceled checks, money order receipts and account statements.

It was foreclosed on and is owned by Freddie Mac.

The real reason for my post is to discuss my mortgage agreement that mirror Freddie Mac guidelines on Occupancy.

Hey everyone, I am just curious as to if anyone else is experiencing any issues with BP on an Android device?

@James Lanier, Freddie Mac offers a fairly new program where they will lend up to 70% of ARV on a single family rehab.  

I haven't invested in condos before and didn't really understand the problem, but he said it was a Fannie Mae, Freddie Mac rule.  

Hi Everyone,My name is Justin Christian. I just started looking into real-estate investing and am trying to learn as much as I can as fast as possible. I'm from the Kansas City area and work as a web application devel...

Hi @Sophie Jang,I'm a big fan of Freddie Mac HomePossible. 2-4 unit, 95% LTV.

In practice, mortgages are sold immediately by the banks to Fannie Mae, Freddie Mac, so many do not even know where the original documents are and have lost court cases where smart borrowers are sued and demand the bank produce the documents and the banks lost because they can't find them. 

They will spend about 15 minutes in your home mainly taking pictures, measurements with the small laser device, and writing in their small notebook.