Basically stricter underwriting standards than what is required by FHA, Fannie Mae, and/or Freddie Mac for a particular loan. 

So this is my first post on the diaries and i thought i would start it with this property since it is one that i unfortunately have to do full permits on because of the location and the city inspectors have been watching it like a hawk waiting for some unsuspecting investor to buy it so that they can pounce on them.Freddie Mac home near Tacoma WA.Before stats:  4 Bed 2 Bath 1,537 Sqft with an Un-Finished 1041 sq/ft basement and 2 car detached garage, also includes a large pain in the butt 3 story chimney (basement to second floor).Post Rehab: Will be a 5 bed 3.5 Bath 2,578 Sqft home. 

@Joshua Jones @Brian Burke @Henry LazerowIf you hadn't seen it yet, Freddie Mac is bringing back the 95% LTV home possible on Nov. 15th .

It's a Wells Fargo loan and I was told last year that I couldn't do the Harp style refi because it was with Freddie Mac and I had too many loans.I recently received a letter from them saying they would refi it to 4.875% on a ten or 15 year, or 5.75% on a 30 year.

when you go to get money out of the machine at the  bank in your town.. do you go to the Fleetwood Mac?  

Commercial loan is a little more expensive in terms of rates and points as it will NOT be sold to Fannie Mae/Freddic Mac as residential loan will do ultimately.

However, based on my understanding, you can Recast as many times as you want if the loan was sourced from Fannie Mae or Freddie Mac.

I would otherwise qualify because i recently got married and am looking for a larger property.Refinancing to a conventional loan requires 15% equity plus costs.And the Freddy Mac Homepossible changed at the beginning of the year to require 15% down for a 2-4 unit.Am I missing something?

I believe there are new seasoning requirements for Freddie may and Fannie Mac before you can do a cash out refi if you use a loan to initially fund a property. 1 year according to my quick research. 

In addition to @Scott Mac's input, you could advertise it as storage (with a lease that spells out the don'ts) or look for ways to subdivide it in to smaller "storage only" spaces.Hope this helps,