Number of Fannie Mae Loans

[Shaun Palmer]

I am inquiring about the number of loans you can have for investment properties. At this time I currently have 10 loans that are backed by Fannie and Freddie. However I am looking to refinance these loans with private capital that is not backed by Fannie and Freddie.

I will still have 10 mortgages but they will not be back by Fannie and Freddie and will be funded by private capital.

If I try and apply for another loan that is backed by Fannie and Freddie which would be my 11th loan, is that possible? Or is the maximum number of loans 10 in general and Fannie or Freddie would not provide the 11th? Can I have 10 private loans and additional loans to be backed by Fannie and Freddie? Thanks

[Chris Mason]

Originally posted by @Shaun Palmer:

I am inquiring about the number of loans you can have for investment properties. At this time I currently have 10 loans that are backed by Fannie and Freddie. However I am looking to refinance these loans with private capital that is not backed by Fannie and Freddie.

I will still have 10 mortgages but they will not be back by Fannie and Freddie and will be funded by private capital.

If I try and apply for another loan that is backed by Fannie and Freddie which would be my 11th loan, is that possible? Or is the maximum number of loans 10 in general and Fannie or Freddie would not provide the 11th? Can I have 10 private loans and additional loans to be backed by Fannie and Freddie? Thanks

 The Fannie/Freddie guidelines say nothing about a limit of Fannie/Freddie backed loans. The cap is on financed properties, regardless of the type of financing. You could have 1 property with 1 Fannie Loan and 9 properties with private loans, and boom you're at the cap.

https://selling-guide.fanniema...

DSCR type loans, however, aren't all that far off of Fannie Mae type terms/rates/fees. Explore that. Good luck!