It does not explicitly say in the lease other than the inability to sell illegal products.

And it ain't those in the rural areas carjacking, drivebuys, rapping and doing armed robbery.  

Came back months later and noticed he had cut them with a Machete versus the saw.A Machete is a person's third arm in a third world country. 

I would highly recommend you work with someone that is either located in the same state as you, or explicitly says they have experience with your state.

A 5 year arm might be a bad idea in this case. 

This is often easier in lower tier markets where the appraisals are not indicative of how the property would sell in an arms length transaction.The other risk you run is over extension.

I'm fine with the money down and shorter term but the higher rates and the ARM I am not a fan of in general.  

{ARMS are a different beast again}) to achieve anything beyond a token reduction in interest paid.  

Defining Infractions Clearl: Ensure the policy defines violations explicitly.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained