No primary home if I use 10 conventional loans for investing?

[Matt Wells]

If I use up my 10 conventional Fannie Mae/Freddie Mac loans for investment properties, does that mean I can't get a conventional loan for a primary residence?

[Stephanie P.]

Quote from @Matt Wells:

If I use up my 10 conventional Fannie Mae/Freddie Mac loans for investment properties, does that mean I can't get a conventional loan for a primary residence?

 Matt

To give you some clarification, Fannie Mae counts "financed properties" in their guidelines for a reason.  If a residential property has a lien against it, it's considered financed.    

@Shaun Weekes gave good advice along with the seller's guide.  Read it to get clarification.  Just because a loan is in a blanket mortgage with other properties does not mean it won't show on a drive report and count against your total number of "financed properties" and just because it doesn't show up on your credit report, doesn't mean it doesn't count as financed.  Commercial properties are defined by Fannie Mae as property that's not a 1-4 unit residential property so even if you have 5 properties in a blanket, if they're single family non-owner occupied properties, they're not considered commercial.https://selling-guide.fanniema...
You get 10 non-owners plus your owner occupied for a total of 11. After that, you're in DSCR country.

All the best

Stephanie