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Max investment properties.

I need to ask my underwriter this, but it is Saturday morning.  Anyway did the rule change from owning 4 max properties including your primary.  I have a guy that can handle a 5th property.  I just can't find where it says it is ok.  Last I heard was 4 max.  Any ideas or links anyone can help me with.
Thanks
Steffnie in Oklahoma
  • March 19 2011 - Oklahoma City
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Answers (3)

Steffnie,

There are a few Lenders that you can 'broker' through that will go up to 10 Fannie Mae investment properties.  Check with your firm to see what firms on are your preferred broker list if your able to broker. (360 Mortgage & Cresent Mortgage). 

Underwriting standards are much more stringent & reserve requirements are higher, plus LTV is lower on purchase transactions over 4 properties.

good luck.

PS.  I'm an originally from Edmond :)
  • March 21 2011
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Steffnie,

If you have access to Citi, they offer a Fannie Mae 5-10 NOO program. As far as I know, this is the only investor offering more than 4. You are welcome to email me for details if you wish.
  • March 21 2011
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Most major lenders have a limit of 4 loans including the primary. There are some lenders that offer up to 10 loans on their portfolio. I am financing two at the moment for an investor that has 5 properties.
  • March 19 2011
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