Loan Program For Investors With More Than 4 Properties Financed

“In 2009, Fannie Mae rolled back a mortgage rule that prevented real estate investors from financing more than 4 properties at once. At the time, investors were limited to 4 properties financed, which included their primary residence.  Today, the maximum number of allowable, simultaneously financed properties is 10. You wouldn’t know it, though — few banks actually offer the program.  This article describes how to get a mortgage if you have 5-to-10 homes in your portfolio.  So, why don’t all banks participate in the 5-10 Properties Financed program? The probable answer is that underwriting a 5-property-owning investor’s mortgage application can be very hard work.”

http://themortgagereports.com/7395/the-5-10-properties-program-is-for-investors-with-more-than-4-properties-financed

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