We are seeing that the change in FHA criteria has impacted one of our buyers and even though the house was under contract when the changes in FHA loans came into play, the buyer could not get approved as a conventional buyer.

Conventional 30 year fixed rate mortgage.

@Derek Hedgespeth I was able to take out a conventional loan.

After about 3 months turn around, rented and refi to conventional.

The 2019 property was unique (every deal is) in that the seller had to sell to complete a 1031 quickly, the property was not bankable (private interest only loan converting to a conventional after all rehab), and needed serious work.

I am up in northern jersey and have both hard money and conventional lenders that I’ve networked with through meetups I’ll send you my number in a message you can call or text if interested, everyone I’ve worked with has been great so far

Second homes can be financed using conventional mortgages with much less strict criteria

Using a conventional loan in KSAnyways I was able to negotiate $12000 for each in repairs to an escrow account. 

We’ve obviously been going the conventional route and hope to pursue some more creative ventures, but it seems to me like it would be a good idea to leave as many doors open as possible when it comes to financing.

"Qualification restrictions are not as great as in conventional financing.