HML generally don't do owner occ.. this is a fabulous strategy though to use your FHA loans on .minimal down fantastic interest rate and if it works out right you live in a unit at no cost to you.you need the 3.5% down plus closing costs.. you need decent credit mid 600's should do it.and you need steady w 2 income with your DTI in the right spot and your home free.if your intent is to use HML because you think you don't need any cash to get into the deal or you have poor credit or income.. then your wasting your time.. only way to get into a deal in that manner is to sweet talk an owner into owner financing it to youor getting a money partner.

Because of that the sweet spot for down payment typically is 20% down.

Sweet!

Ohhh...You are so sweet!

I was in the process of 5 of 9 units being removed and brought up to market, so that would have happened anyway, but to be able to move with the market is sweet.

But here's my question: If one spouse is NOT drawing external income, they are not able to take advantage of 401(k) sweet tax deferred options.

Account Closed Sweet.

So I recently found a house that I feel like could be a sweet deal!

The sweet spot would be to partner up with the owner of a construction company (or someone who knows the rehab business really well) and tackle it together.

@Matt Juran -- sweet!