Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Limits on number of properties financed - Updated 1-23-2014
Limits on number of properties financed - Updated 1-23-2014
There have been many changes in lending the past few years and this post will deal with the maximum number of properties financed.   Here is a quick guide to our rules on this:
Fannie Mae (FNMA) and Freddie Mac (FHLMC) have a limitation of 4 maximum properties that are financed.   We interpret the rule as follows:  If the subject property ( the home you are financing) is a second home or investment home,  you can only have a maximum of 4 financed properties under the standard offering.  
If the home you are financing is your Primary Residence, we do not limit the number of properties that you have financing on.   We follow this same guidance for VA Loans and VA Jumbo Loans - no limit on number of financed properties.  
Summed up:   If you are purchasing or refinancing your primary residence,  We do not limit the number of properties that you carry financing on. 
We also offer Investors a unique feature - we allow you to have up to 10 Financed properties.   This program does require good credit scores and liquid reserves over and above the basic Conventional rules.    
 
We also now offer loans ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention