Having more than four financed properties used to be an issue b/c so many lenders and investors were excessively restrictive after the 2008 meltdown.
But, guidelines have definitely softened and there are now multiple options for investors with multiple financed properties; the Non-QM channel in particular makes almost every scenario viable as long as buyers have sufficient assets and income.
Here are a few rules of thumb.
For Owner Occupied Financing
| Loan Type | Max # of Financed Properties |
|---|---|
| Lowest Rate Jumbo | 4 Financed Properties |
| Other Jumbo | Unlimited Financed Properties |
| Fannie Mae | Unlimited Financed Properties |
| Non-QM | Unlimited Financed Properties |
For Non-Owner/Investment Financing
| Loan Type | Max # of Financed Properties |
|---|---|
| Jumbo | 4 to 10 Financed Properties, depending on investor |
| Fannie Mae | 10 Financed Properties |
| Non-QM | Unlimited Financed Properties |
Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646
