A few months later, an out-of-state bank wanted in on the market and offered a special "lifestyle loan" program to those with a solid income who could afford the monthly payments (it ignored debt-to-income ratios).

I have heard a lot of posts about how to buy real estate with no money down, low down, first time buyer program, etc.

Currently they haven't rolled the program out here but when they do, I'll be applying. 

We are very excited, to say the least about the possibilities.

That’s really exciting and great to hear that you were able to do it after such a short time.  

Hopefully we get the "reasonable" ones ;-)  Best of luck with your inspection and excited to hear how it turns out! 

The difference between those programs is that MI can be dropped on the Freddie without refinancing. 

FHA is the only program that will not allow rental income from departure residence to be used if is within 100 miles radius from your new purchase 

@John Woodrich@Jacob McInerney excited to see if you have done a deal in Hopkins or are looking for a deal!

I’m in a repayment program which allows me to pay 10% of my AGI per year for 20 years (10 years if i work in an eligible 5013c nonprofit company) and then the loan is forgiven.