Fannie Mae may follow suite, if they haven't already and I've missed it.

In fact, just recently I had a pick of four local banks that would do unlimited (full doc) investor loans, and then as soon as fannie mae announced they would follow freddie mac's lead and go down from an allowable number of mortgages from 10 to 4 as of December 1st, all four local banks dropped from unlimited to a max of 4, which I'm already over so I had to stop the process with them.However, I googled all of the local banks in the area where my properties are, and I contacted about 3 or 4 of them, and 1 will do up to 4 loans with their bank, but I can have more than 4 in general.

My last deal was a REO, Fannie Mae.

Also found more information on vacation home as a STR which is allowed on Fannie loans https://sandiegopurchaseloans.com/fannie-mae-second-home-rent/

My only other tip that has been a huge help for us is the using the Fannie Mae "First Look" program and financing.

It won't qualify under Fannie Mae as conventional.

It's not a Wells Fargo special thing, it's a Fannie Mae thing that any Fannie lender can do.

thanks for any clarification. im confused. ( i dont want to sound like a newbie when I talk with professionals) 2 to 4 unit multifamily homes are ones that can be financed with a conventional Fannie Mae or Freddie Mac loan.

The gross amount paid to Fannie Mae by a Winning Bidder on the Transaction Closing Date for the Interest Sold The Price Paid for the Interest Sold and the value of Fannie Mae's retained interest based on the present value of projected cash flows.

bank owned" "as is" "auction" "HUD" "bank owned" "fannie mae" "homepath" "seller will not provide" "corporate owned"Good Luck!