I'm doing some math on a couple houses and I figured I'll reach my max DTI after two houses with a typical local bank and their conventional loan products. 

So is everyone else who can not get a conventional bank loan. 

Good afternoon,I was going to put an offer in on a Bank owned home near my work.

As a Loan officer, i have relationships with various other banks and have identified my chosen institution that will allow me to put down 15% of the original purchase price and no more, so long as the "Arv appraisal has a loan to value of 85% still.

But if it is large banks with local presence that is OK.These internet preapprove letters do not get the attention from local listing agents. 

At the beginning I got an acceptance from the bank to take a loan as an individual for a mortgage loan with a 4% interest this is like starting with no company which will get me with fewer expenses for the beginning (lower mortgage payments, no need to start a company and pay monthly an accountant for this but I cannot count any expenses that will be made in my investment, my country gives a standard 5% deduct on individuals so let's say my annual income is 10000€ , I got to pay 10000-5% = taxes for 9500.) 4.

Some banks will even do 5% on their own in house loans, but depends on the bank.

I know it’s not profitable, but my cash is in the bank, I just don’t know where to put it where it for sure won’t go negative.

(Don't get them confused with Waterstone Bank, they don't service FHA loans.)  

Bottom line I could not have done it without my partners and the ability to borrow 10 plus million from my commercial bank for SPEC construction loans..