Conventional Lending Question

[Andrew M.]

A quick question for all the Fannie Mae/Freddie Mac conventional mortgage originators out there.

I have six loans in my personal name and my wife has five in her name. We are buying property #12 as a second home and applied jointly for funding for the first time. The lender is telling us that even though the other 11 are now treated as jointly for #12 and they are denying the loans based upon the fact that we are not allowed to have more than 10 loans.

She is trying to now underwrite one of us singly to see if we qualify, but we were supposed to close in four days and it would be great to save her the time and hassle and close on time.

What say you?