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Updated about 13 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Mike Ry
  • SFR Investor
  • houston, TX
3
Votes |
7
Posts

Anyone know a bank or credit union in Houston that will do 11th mortgage on a fixed rate basis?

Mike Ry
  • SFR Investor
  • houston, TX
Posted

I'm going to be hitting the Fannie Mae limit of 10 mortgages in the near future. I know that the next step is to find a local bank or credit union willing to do a fixed rate, 15 or 30 yr mortgage for properties #11, 12, etc. I'm sure I'm not the first investor to run into this issue. So before I start making calls around town, I figured I would ask here first: does anyone know of a Houston-area lender offering that kind of loan program to a well-qualified investor? Thanks in advance!

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