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Updated almost 6 years ago on . Most recent reply
![Melissa Andress's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/487839/1621478908-avatar-melissaa13.jpg?twic=v1/output=image/cover=128x128&v=2)
Looking for lending advice for SFH
We own 6 investment properties (vacation rentals) and looking to buy a 7th investment property. Lender is saying we're unable to purchase an additional investment property because our credit scores aren't over 720 (Fannie and Freddie guidelines after 6 properties..). 3 of our properties are financed with private equity/promissory note- do promissory notes count towards the limit?
Any advice on lending would be appreciated! I have a proven and lucrative business plan- just need help expanding it!
![Benjamin Piecenski's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1279157/1621510925-avatar-benjaminp67.jpg?twic=v1/output=image/crop=334x334@0x0/cover=128x128&v=2)
@Melissa Andress What is your credit report looking like? Any derogatories? Getting your credit score above 720 is key in getting your next few properties at a better interest rate, and also higher credit scores will lower your insurance bill as well. Are you keeping your credit cards under 30% balance to credit limit?