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Updated over 2 years ago, 08/04/2022

User Stats

59
Posts
25
Votes
Greg Henderson
  • Flipper/Rehabber
  • Hattiesburg, MS
25
Votes |
59
Posts

Conventional mortgage options with a portfolio

Greg Henderson
  • Flipper/Rehabber
  • Hattiesburg, MS
Posted

I currently have 1 conventional mortgage on a home I no longer live in and it is currently rented. I'm looking to purchase another primary. I've got another 10 properties with commercial portfolio loans on them. Am I still qualified to get a fannie/freddie product for a primary or even an investment? Is the property limit global or does it only count conventional loans opened at one time? Can I close on a conventional loan and then quit claim it to a LLC to remove the # of units in my name restriction or would the loan be called due?

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