Conventional Loans for Properties 5-10

[David Beard]

I've been on a search for lenders who will originate conventional investment property loans (meaning resellable to Fannie/Freddie) for your 5th - 10th property. I have had no luck with local mortgage brokers.

In searching national lenders, I came across Guaranteed Rate Mortgage, and they will do these loans. They're the 12th largest mortgage banker and fund their own loans for resell to the GSE's.

So if you're looking for accelerated wealth building, and inflation/cash flow hedge down the road from 30-year, sub-5% rates, on up to your 10th property (as opposed to community banks with their 5-year balloons), you may want to check them out. (www.guaranteedrate.com)

[David Beard]

OK, new buy-and-holders, here's what I've found out on investment property limits for largest US lenders.

Wells Fargo -> 4 investment + 1 home = 5
B of A -> 4 investment + 1 home = 5
Chase -> 4 total including home = 4
Citi -> 10 including home (no 3 or 4-unit after 4th property)
GMAC - fell asleep waiting
US Bank - fell asleep waiting
Sun Trust - fell asleep waiting
Provident
BB&T
Quicken -> 4 inv + 1 home = 5
Flagstar -> 10 including home (no 3 or 4-unit after 4th property)