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Updated about 5 years ago on . Most recent reply

User Stats

27
Posts
13
Votes
Scott Doyen
  • Rental Property Investor
  • California
13
Votes |
27
Posts

Partnership & 10 Mortgage Limit

Scott Doyen
  • Rental Property Investor
  • California
Posted

Hello,

I have a partnership 50/50 with someone and had a few questions:

1) Since both of our names are on mortgage & title, does this count towards each of our 10 Fannie Mae / Freddie Mac loans? In other words - whether collectively or not, we each have 9 left?

2) If say, I reach my 10 conventionally financed property limit, can I still get a conventional loan for my primary residence? I ask because there is chance I get 10 mortgages on 10 properties before my own primary (I'm investing out of state).

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