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bancgroup
89 Posts |
 Posted - 07/14/2008 : 09:05:57 AM
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This is what i think the rules are
Freddie allows a borrower to have up to four financed properties
Fannie allows a borrower to have up to 10 finaced properties except for the "conforming jumbo" which limits a borrower to four financed properties....
Most lenders have a "self-limit" (1, 2, 3 or 4) on the number of properties that they, as an individual company, will finance to an individual borrower.
Which banks do not follow freddie... In other words... which banks allow a borrower to own and finance more than 4 properties?
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williamspeaking
4058 Posts |
Posted - 07/14/2008 : 09:14:35 AM
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| i can still do up to 10 |
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Layne Jones
1478 Posts |
Posted - 07/14/2008 : 09:39:52 AM
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For our marketable FNMA programs we still do up to 10 for full doc borrowers, or up to 5 for stated.
We also have a portfolio line that does not limit the number of properties that a borrower owns. |
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