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10 Financed Properties Rule

We still get questions all the time about the Ten Property Limit imposed by Fannie Mae.

1. This rule applies only to Residential Properties of 4 or fewer units;

2. This rule applies only to FINANCED properties; borrowers can own 50 “free and clear” properties; and

3. This rule allows up to TEN financed properties. Many lenders limit the borrower to FOUR, but we have numerous lenders that allow up to ten.

We had a borrower today who has financed properties, but the loans are not in his name. These still count as “financed properties” with respect to the ten property limit.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167