Generally speaking, Non Owner Occupant Loans are subject to FNMA FHLMC requirements.  The following information is provided for reference only on FNMA and FHLMC programs.
 

LOAN TERM	Up to 30 years
PROPERTY TYPES	One to Four Family and Condominiums or PUD'S (meeting guidelines)
MAXIMUM LOAN AMOUNT	1. $240,000  2. $307,100  3. $371,200  4. $461,350

 

MAXIMUM LTV	OCCUPANCY	UNITS	LTV
PURCHASE	NO	1-2	90%
REFINANCE	NO	3-4	80%
CASH OUT REFINANCE	NO	1	60%

 

ASSUMABILITY	Not Assumable
GIFTS	Gifts for down payment must be from a relative.  Borrower must have verified 5% of the sales price from their own cash assets, except if the LTV is 80% or less, the entire down payment can be a gift.
IMPOUNDS	Required for Mortgage Insurance.
MORTGAGE INSURANCE	Required on LTV's from 70.01%  to 75%-12% MI coverage Required on LTV's from 75.01% to  80% 17% MI coverage
MULTIPLE MORTGAGE RESTRICTIONS	The borrower many not own more that three other 1-4 unit properties (including the borrowers primary residence) that are currently financed. Joint ownership in residential real estates to be considered the same as total ownership of an individual property for this limitation.  Ownership in commercial or multifamily (5 units or more) real estate is not included in this limitation.  If the subject is 70 % LTV or less and the borrower has a FICO score of 700 or better, is not the builder, and property is not in a "soft market," borrower may own up to six mortgaged 1-4 properties (Fannie Mae).