Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for pr16mail

Help-I have financed rentals in 11 states. LTV 65%. Want to move them to an LLC with a blanket loan.

  • October 18 2013 - US
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for pr16mail
Thank you for the reply.  I know that hence the search for lenders that may do a blanket/portfolio loan.  I was specific in noting '11 states' since many lenders prefer to or can only do special programs in their state.  
I hoped that by posting here I may find a nationwide portfolio/blanket source.
  • October 21 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

No lender underwriting loans to Fannie Mae / Freddie Mac guidelines will be able to do that for you.  A blanket mortgage covering multiple properties can only be done by a portfolio lender who will hold the loan for the duration of the mortgage and is not underwriting the loan for potential sale to Fannie or Freddie.

You will need to contact the bank or credit union that you have a strong financial relationship with to pursue this loan, and the vast majority of them are NOT portfolio lenders for mortgage loans.
  • October 20 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.