Fannie Mae guidelines allow up to 10 financed properties. Most lenders have "Lender Overlays" meaning that these banks add on their own guidelines, on top of what Fannie, Freddie & Ginnie Mae's loan approval guidelines require.
If you are looking to finance additional property purchases, we can help you. I work for a bank that does not have these dreaded Lender Overlays, plus, we been around since 1980. We have great rates & low fees and we actually give repeat clients a 0.50% credit when they come back to do business with us again.
Please feel free to contact me if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!