Does Fannie Mae 5-10 properties include LLC-owned mortgages

[Yvonne H.]

Trying to refi a property and ran into a snag. The lender is counting properties financed by the LLC. I am aware that Fannie used to count the LLC properties, but changed their guidance since 2017, so that properties financed in the name of the LLC don't count toward the total number of properties financed.

I have less than 10 financed in my personal name, more than that in the LLC.

Has anyone run into this issue? I was in the homestretch of this loan (appraisal paid for and completed) when the underwriter threw this at us. I'm frustrated with them, but ready to move on to another lender who uses the updated Fannie Mae guidelines.

Has anyone out there worked with a lender who can do this type of loan?   I would love to hear from you!