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Updated over 5 years ago on . Most recent reply
Over 10 Loans and Needing to do a O/O loan?
I currently have 16 rental properties with mortgages on them. I am needing to buy another house for myself. Can I have only 10 loans total? Or is it 10 loans PLUS one more for my primary residence? I can’t get a solid answer on this.
All rentals cash flow and have equity and need 60%-70% LTV loan on new primary residence purchase.
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Chris Wolfe you can certianly go over the 10 loan "limit" when purchasing a primary home with a Fannie Mae and Freddie Mac loan. They do permit it. Not every bank/lender will though. So just call around to see who can but this can 100% be done with their loan types.