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Updated almost 8 years ago on . Most recent reply

User Stats

207
Posts
267
Votes
Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
Posts

Mortgages capped at the number 6 locally

Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Posted

Good morning BP,

I am a newbie still floating through the boards and learning daily. I am about to get my fourth rental and noticed that I am cannot exceed six open mortgages. Currently, I use USAA, USAA, Navy Federal, and US bank all of them have stated once you get to six you need to start paying them down.

Question to BP, "Are there mortgage companies that allow you to go past six?" If so, can I get the names of the companies. Thank you.

Johnny

  • Johnny Quilenderino
  • Most Popular Reply

    User Stats

    1,841
    Posts
    801
    Votes
    Upen Patel
    • Lender
    • Nationwide Lender
    801
    Votes |
    1,841
    Posts
    Upen Patel
    • Lender
    • Nationwide Lender
    Replied

    @Johnny Quilenderino Fannie allows individuals to get up to 10 financed properties. Your credit has to be 720 or better. Find a mortgage banker that don't have internal overlays.

  • Upen Patel
  • [email protected]
  • (571) 331-5161
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