How many times can you get a traditional loan?

[Jordan L.]

I have been listening to most of the podcasts and I keep hearing that most of the investors say they have exhausted the way to get a traditional loan, What is the maximum amount? Can you ever max out a portfolio lender? What do they mean they have exhausted their options?

[Andy Collins]

Yes, you can get 10 conforming, if you go to a bank or a broker not familiar with investors they might tell you 4, but its 10.

The underwriting changes when you get to loan 5, and frankly its more of a headache for the broker (and the borrower), so a lot of lenders don't handle 5-10.

Some of the rules that change beside the reserves, no cash out on NOO after your to mortgage 5, your mid score has to be a 720.

As far as portfolio lenders,,as many as they will write you, and when you finish with that lender go to the next,,the limits are on conforming (say Fannie/Freddie) loans