Here are the types of loans available for these kinds of deals:- "Agency" Multifamily Loans - the two big government agencies that back small multifamily loans are Fannie Mae and Freddie Mac. 30 year amortization, typically 5-10 year term, non-recourse.

Without going too much into detail, I am contracted with Fannie Mae and I go to all of their vacant foreclosures when they first become vacant and begin the process of bringing it up to date and full market value.

Fannie Mae has different requirements for this type of income than Freddie Mac.  

Or just search in forums for "Delayed Financing", lot of content on the subject.I would draw your attention to a few requirements, from the Fannie Mae requirements, to note :The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value)Basically ensure funds are purchased in cash by you(has been in your account for over 60 days, HELOC works), your name is on the offer, your name is on the refinance loan and that 70-75% of current ARV at time of refi is equal or near to your invested funds on the HUD.Hope that helps! 

I got that from the Fannie Mae eligibility matrix.Best of luck and let us know how it goes!

He's paid to bring in the head of Fannie Mae/Freddie Mac to educate on important topics, he's brought in and paid for probate attorneys to educate us, CPA's, real estate attorneys, etc.

The changes are in response to the Federal Housing Finance Agency's policy last month that excludes cash-out refinancing from the single-family loans that Fannie Mae and Freddie Mac will buy in forbearance.  

Are lenders allowing the seller to carry secondary financing on Fannie Mae or Freddie Mac loans question one of the potential buyers is asking me to carry 10% of the sales price which I assume is making up for the 10% reduction he is receiving from his potential lender.

Be sure to check out Homepath.com These are some pretty affordable Fannie Mae properties that give priority to first time home buyers for the initial 2 week period.

Fannie Mae has a small balance loan program with a 15 year fixed and a 30 year amp.