![]() Today, the maximum number of allowable, simultaneously financed properties is 10. ![]() In 2009, Fannie Mae rolled back a mortgage rule that prevented real estate investors from financing more than 4 properties at once.Īt the time, investors were limited to 4 properties financed, which included their primary residence. To finance a home via Fannie Mae’s 5-1o Properties program, there are many criteria that must be met, including a minimum credit score of 720, substantial down payment requirements (for purchasing) and equity (for refinancing), no bankruptcies or foreclosures in the past 7 years, and more.Most banks won’t offer a 5-to-10 properties mortgage because the process of underwriting the investor’s mortgage application can be very hard work.In 2009, Fannie Mae increased the maximum financed-property limit from four to ten.If you have 5 to 10 homes in your portfolio, it is possible to get a mortgage, but it can be difficult.
0 Comments
Leave a Reply. |