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Updated over 4 years ago on . Most recent reply

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Sachin Parate
  • Member since May 18, 2020
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Sachin Parate's profile image
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Sachin Parate
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Sachin Parate
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Private Lending & Conventional Mortgage Advice

Will accepting EIDL affect current refinancing

Sachin Parate
Posted

Hi All

I’ve been offered an EIDL loan but am currently refinancing multiple properties. Does anyone know if this will cause an issue with respect to my current refinancing? Does it count as one of 10 loans as per Fannie Mae rules? I could wait another 10 days after closing my current refis to accept the EIDL loans but am concerned that the money will no longer be available.

Have anyone encountered this?

Thanks in advance

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