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Multiple Mortgages to Same Borrower

I have just purchased 4 properties but understand this is the maximum amount of loans I can hold for banks who wish to later sell their loans off to Freddie / Fannie.  Can you provide me a list direct lenders / portfolio lenders that do not need to follow the Freddie / Fannie guidelines ?

  • January 11 2010 - Las Vegas
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Answers (5)

Depending on all qualifying guidelines we are able to do 6 properties by exception on most situations. 
  • January 13 2010
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Most brokers have a few sources for up to 10 properties financed. Although, most lenders stop at 4.

It will also be easier if the property is at or less than $417K. .... Best wishes, Rudi
  • January 12 2010
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Mike, Fannie will currently allow you to purchase finance up to 10 properties if you meet the credit and reserve requirements.  This rule was last changed about 12 months ago.
  • January 12 2010
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vegas mike
Analogous question.
How many casinos can you find that will extend you credit to gamble with?
  • January 12 2010
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Profile picture for Erez Cohen
It appears you are an investor-  If you have a substantial amount of funds, I am sure you can deposit that money into a local bank that will be more than happy enough to lend you money-  Shy away from the Chase's, BoA, Citi's, etc- Those are the institutions that have strict guidelines-  A local bank will want to have your funds deposited with them in say a CD or other investment vehicle and will be more than glad to lend you money-  ((No risk as you have money in there account-))
  • January 12 2010
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