As inventory is running lower due to the growing population, it appears that getting zoning to shift from single family to multifamily is the only way to meet the needs of the people.

Would we qualify for a conventional loan (20% down, standard interest rate), due to the fact that he will live in one of the units as a primary residence?

Conventional through a bank.How did you add value to the deal?

Generally conventional financing takes longer than that.

You will need to source the funds for Downpayment on conventional market, even if you dondelayed financing 6 months later you still need to source the funds you used for the purchase. 

Because an FHA loan will carry PMI for the duration of the loan, I plan to refinance to a conventional loan once I have 20% equity in the property, I need to do more research and would be open to suggestions from anyone who has done done this in the past2.

I’ve been reading and listening to the BP podcasts.My wife and I are looking to get into one or more multi-family properties in the Madison area.My question around conventional financing is that I know loans can be for up to 80% LTV, so does that mean if we can find a good deal at 70/75 LTV could we get a loan for the full amount and only pay closing costs or would there still need to be a down payment of some kind?

Recently self employed and don't qualify for conventional HELOC.

All the real estate trends I have been reading about the past couple months discuss low inventory for affordable housing as one of the primary drivers that is slowing the national markets down.

One, are you looking to refi into a Conventional loan to completely free up your VA option?