Rentals Are On The Rise & Investors Can Now Finance up to 10 Properties!

By
Mortgage and Lending with Network Funding, L.P. NMLS #2297, NMLS #222026
https://activerain.com/droplet/fWm

 

 

Investment Properties

 

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. 

EMAIL ME TODAY!


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

Refinancing Available

Fixed Rates

No PrePayment Penalties


Posted by

 

http://lmgtfy.com/?q=Lora+Willms

 

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Rainer
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Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Lora, Didn't this change to 10 in 1997?  I was investing since then and 10 was the limit then.  Did it change and then change back?

Aug 01, 2011 03:53 PM #1
Rainer
14,850
Lora Willms
Network Funding, L.P. NMLS #2297, NMLS #222026 - Mequon, WI
Mortgage Loans in Wisconsin, Illinois & Texas

Good Evening, Jeanne.  Yep, you're correct :)  the rule used to always be an invdividual cannot finance more than 10 properties.  It did change to the current Fannie Mae Guidelines - not more than 4 properties can be financed. Once again, it has been updated....but not everyone has access to the loan program.  A loan officer licensed in Florida would need to check with all of their investors for the product.  I would be happy to send you the guidelines if you are curious.  Best, Lora

 

Aug 01, 2011 04:04 PM #2
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Rainer
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Lora Willms

Mortgage Loans in Wisconsin, Illinois & Texas
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