Hi Mike,

Deep River is correct on the fact that the guideline has changed to 4 loans only. However, an important detail - That's not talking about 4 properties but four loans - if you own two homes and have two outstanding loans on each property, there is the four loan limit. .

Best,
Sylvia Barry, Marin Realtor
Frank Howard Allen Realtors
#1 Real Estate Company in S.F. NorthBay
For All Your Real Estate Needs in Marin County

are you selling any now mike?

Both Fannie Mae and Freddie Mac changed their guidelines this past spring to limit the number of financed properties to 4. There is no connection to any Federal legislation.

Banks cannot deliver a loan with more than 4 financed properties to either Fannie or Freddie. This is one of the many "tightening of credit" chnages that have been implemented over the past year.

If you are financing a 5th property, you will be limited to private lenders or commerical loans. Expect rates in the double digits.