For a fixed rate 30 year mortgage, you could rate and term the first 7 and then purchase 3 of the 5 with conventional financing. 

If you plan on moving into the property, you might be able to do the owner occupy 3.5% down FHA loan, or if you aren't planning on moving in, most of the times it is 25% down with a conventional loan if you go that route. 

High prices, yet low inventory - just adds to my "oh my god, I'm missing out" freak out moments :).  

You can buy  a  Buy and Hold investment property, fix it up and refinance the investment property into a conventional mortgage and pay back the HELOC.

I'm going to start by apologizing if I have posted my question in the wrong spot. I have entered into a partnership with a local investor in my hometown. He advises me against financing deals that can't be paid off wi...

From there if you are Brrring you can do the work on the home (using the HELOC) and once work is done you could do a 'refinance' on the home as a conventional with 20% and pull out the remaining cash which is then used to pay off the HELOC you used to get into the property.Once again this is tact I have read up on but have not personally utilized yet.

The Conventional Rules For a Cash Out LoanFannie Mae and Freddie Mac are the Government Agencies that sponsor conventional lending.

The conventional home buyer loan is still pretty easy to get. 

Another thing to consider is that you're limited to 10 conventional mortgages, so you'd hate to run up against that wall at some point and have a bunch of small mortgages.

Back then they had tons of good deals but something changed and their inventory became disappointing.