Both names are on the deed. here’s the down and dirty on the house:Mortgage— 434kARV—- approximately 650-675kMortgage is current my friend needs to stay in the house for the sake of her 5 kidsShe owns her owns her own nail salon/spa which is mostly a cash business Her credit score is 600ishBecause she is not a w2 employee she will have a difficult if not impossible time getting a conventional loan. she has asked her ex how he needs to walk away from this mess and he said he wants half the equity. 

Usually you can find conventional financing with no points.

Also, with a conventional loan, can I get additional funds for renovation?

Conventional loan What was the outcome?

Selling prior homes - Conventional loan Lessons learned?

To sum it up you can both be on the deed but only one on the mortgage so that you can each qualify for your maximum number of loans individually and get more conventional loans that way.

From what I found, most conventional type banks would also offer LOCs but it’s all based off your current assets under management.

Conventional loans that do allow investments want 20% down.

If you're strapped on remaining entitlement, you could possible look at refinancing into a conventional loan to completely restore entitlement

So I'm well aware that I won't be able to put 20% down on a conventional loan with the amount I have.