Looking to do an FHA or conventional loan.

I've run the numbers for seller financing, FHA/Househack, and Conventional loan and without building the second unit it will not cash flow.

Conventional loan 25% Lessons learned?

We got it for $220,000 as not many people wanted to buy a horse farm and it was in distress.During the financing process the lender came back and said we can not do a conventional first time home buyer loan as this property is Not a single family home, it is classified as a farm.So we asked the town to subdivide the property.

If it's a full gut renovation it probably won't qualify for a conventional loan.

Looking for a Texas based credit union or bank that would service a mortgage in-house. Due to a cost seg on a storage facility last year, showing a loss on paper (six-fig accelerated depreciation), I don't qualify for...

@Yonah Weiss I've went to my main lender who I've used over the years, as well as another lender I've used in the past for conventional mortgages.

What's wrong with a conventional loan? 

We likely would not qualify for a conventional loan because husband’s credit score needs some love, and my DTI alone would be too high (our personal home mortgage is under my name).

You are allowed to have up to 10 conventional mortgages, so as long as you live in the house for a year, you could continue this process until you have built up a pretty nice portfolio of cash-flowing properties.