However, that doesn't mean that your bank couldn't use tighter underwriting limitations.See https://www.fanniemae.com/content/guide/selling/b2... for the guidelines.Kent

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

I would suggest to speak with a lender in your area about these types of things specifically since they can analyze your bank accounts, your credit, and your income history thoroughly and guide you appropriately. 

Going to another lender might help, find someone who will guide/help you through the process.

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:- https://www.fanniemae.com/content/guide/selling/b2...It looks to me like the 1 vs 2-4 differentiation, and the "75% conventional rule" (rather than 70%) you mentioned, would be both overlays by individual BANKS, rather Fannie Mae rules?

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