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Updated over 9 years ago,
Primary Residence Conventional Loan After 10 Properties?
Hi all!
I'm selling my primary residence soon and it has me thinking. I now am well above the 10 property limit when it comes to conventional guidelines on investment properties. I've been using portfolio loans for my investments for a long time now.
After I sell my house I plan on renting for a while, but I eventually might want to purchase another primary residence in the future. Am I going to have a hard time getting a 30 year conventional loan for a PRIMARY RESIDENCE now though? Does this 10 property limit apply in this situation as well?
My DTI should be okay as I've been investing longer than 2 years now and my cash flow (as long as it's all accounted for) keeps my DTI low.
Thanks so much in advance!