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Conventional Fannie Mae and Freddie Mac

– Up to 80% LTV for cash-out

– Up to 80% LTV for Purchase and Rate and term for 2 units

– 100% of down payment and closing costs may be gifted

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“Conventional” just means that the loan is not part of a specific government program. Conventional loans typically cost less than FHA loans.  FHA does allow higher Debt to income ratios.

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