multiple properties: How many properties can someone finance? - 08/24/13 01:52 AM
How many properties can someone finance? 
The answer depends on the lender you may wish to use.  The average mortgage lender will do up to 4 properties including the buyers primary residence.
However, there are many institutions that will finance up to 10 residential properties.
In addition, there are some underwriting guidelines that must be followed to be considered for approval.  They are:
Credit score must be 720 or greater.
Properties must be 1-4 unit homes and be in good condition and
6 months principal, interest, taxes and insurances must be in reserve by the time of underwriting for each property … (6 comments)

 
Thomas Turner, Tom Turner (Caliber Home Loans, Inc.  NMLS 15622)

Thomas Turner

Tom Turner

Shelton, CT

More about me…

Caliber Home Loans, Inc. NMLS 15622

Address: 8 Wright St., Westport, Ct, 06880

Mobile: (203) 257-9083

Email Me



Links

Archives

RSS 2.0 Feed for this blog