I have heard from a number of lenders that Fannie Mae is no longer allowing investors to finance more than four units. (It used to be ten) After receiving conflicting information from these lenders I went straight to the Fannie Mae website to learn more. Some mortgage brokers said it is still ten, some said it's now four. I asked the question: "What if the current units are held in a corporation or llc. does this count against the total?" Check out the website. Give me your interpretation. Help is needed!
On the Fannie Mae website www.eFannieMae.com you can find a recent announcement 08-22 Dated September 5, 2008.
Christian Chase
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