Most Loan Officers know & understand that the maximum # of properties any one person can finance = 4 properties.
This includes the borrower's Primary Residence.
There's a new update to the Rules. (August 2011)
Now up to 10 properties total can be FINANCED.
I have updated the details below....
As always, I am available by phone or email 7 days a week until 8pm daily. I am licensed to provide residential mortgages in Wisconsin, Illinois and Texas.
Got a question? I'm happy to answer....
Email me to request a word document containing the full guidelines to the program.
Up to 4 Financed Properties:
1 Unit-80% Loan To Value - 20% Down
2 Units-75% Loan To Value - 25% Down
5-10 Financed Properties:
1 Unit - 75% Loan To Value -25% Down
2 Units - 70% Loan To Value- 30% Down
No PrePayment Penalties