fbpx
QUESTION: How long do I have to wait until I refinance my new mortgage?
February 15, 2019
QUESTION: I am trying to buy a piece of land and want to know if that is something a lender would finance?
February 15, 2019

QUESTION: I am an investor and want to buy more properties. How many property loans can I have. I am getting different answers from different people.

Hispanic couple together

Answer:

FNMA (Fannie Mae) and FHLMC (Freddie Mac) do limit the amount of loans you can have on residential 1-4 unit properties (they do not count commercial, land, or free and clear properties FHLMC only). The will go up to 6 financed properties. FNMA will go up to 10 financed properties if you meet stricter guidelines. If you need to finance more that 10 properties, you would need to use a non-conforming investor or a private money lender.

For a FREE Consultation to answer any further questions you may have and to discuss a solution to your unique situation, CLICK HERE to schedule a call with one of our lending experts.