Freddie Mac has updated their Investor guidelines

[Mark S.]

Freddie Mac has unveiled some great changes for real estate investors which should make it much easier for all of us to expand our real estate portfolio.  Since these loans offer some of the best terms and lowest down payments it is a great change.  A couple of the highlighted changes are:

Multiple Financed Properties: You can now have up to six investment properties through Freddie Mac, previously it was 4.

Rental Income: The requirement for two year history of managing investment properties has been removed.

Rent Loss Insurance: the requirement to have six months worth of rent loss insurance has been removed.

Gift Funds: The requirement that a borrower must contribute 5% of their own funds on Primary Residence with an LTV greater than 80% or greater and where a gift is being used has been removed.

These are just some basic guidelines, make sure you talk to a mortgage professional before you start your next investment!