It's a Fannie Mae reo.

If you haven't maxed out your Fannie Mae Freddie Mac conforming residential loans I would do that first.  

If you are looking for 30yr fixed rate financing every bank is going to offer the exact same terms because we are all offering the same loan program that is underwritten by Fannie Mae or Freddie Mac. 

I took the leap away from analysis paralysis last week as I have been eye balling an REO during Fannie Mae's First Look.  

Fannie Mae and Freddie Mac backed lenders are requiring 6-18 months interest payments in reserve at closing prior to funding deals; said it depends on debt service coverage ratios.

The lender couldn't close the deal based on some stipulation they had in their Fannie Mae portal.

Your net worth and credit history won't get you to a Fannie Mae or Freddie Mac small balance loan yet.

These notes if conforming are sold to Fannie Mae or Freddie Mac, if non conforming are packaged and sold as mortgage backed securities.  

You can't get the amazing Fannie Mae rates in an LLC These rates and programs can really make your returns spectacular.

The problem is that every bank will have their own underwriting criteria and overlays to the Freddie Mac and/or Fannie Mae Standard guidelines.