how and where to get loans for more than 4

[Mark A Hall]

I have four properties including personnel home. Have ARM'S on my three rentals and a HELOC that I used for down payment on properties. Wanting and ready to buy more, I'll have down payment, how do I get them financed without putting loans in wives name. I know of hard money but isn't that short term.

[Andrew Postell]

@Mark A Hall you have plenty of options to get more than 4 mortgages.  I'm going to guess that a bank stated you cannot have more than 4 and that might be the case with that specific bank but there are banks out there that do not have this "overlay".  Overlays are the extra rules that banks put on top of the Fannie Mae/Freddie Mac guidelines.  Fannie/Freddie (if you recognize those names) govern "conventional" loans.  Those are the loan types that have the best rates, terms, etc.  You are limited to 10 conventional loans and that is a conventional loan limit.  However, Fannie/Freddie do allow banks to be more conservative if they want but not less conservative.  So if the conventional minimum credit score is 660 and a bank does not want to go below 700, then that is fine with Fannie/Freddie.  Many national banks have an overlay limit of 4-6 loans but there are plenty of other banks that will allow the max of 10.  You'll just have to call around.  Or you can Private Message me and I can point you to one in Ohio.  Hope this explanation helps!