Fannie Mae 10 Property Financing Rule

[Marc Mahadeo]

Good afternoon BP family-

This is my first post out here as I have run into a snag. I am currently in the process of refinancing two duplexes and my current portfolio is holding me back due to structure. I purchased a portfolio of 10 units 5 parcels in 2017, a portfolio of 8 SFH in 2018, and acquired two duplexes early on. My entire portfolio equates to 4 mortgages plus my personal home. The underwriter is stating that even though there is one mortgage attached to 5 parcels or 8 parcels, it is still looked at as all properties being financed and it exceeds the 10 property financing rule. Has anyone run into this and were they able to overcome the rule? I appreciate everyone taking the time out to read this post.

Thank you.