Seller Financing Question

[Nicholas Maassen]

I have four single family homes with conventional mortgages and recently bought four more that with seller financing. I was under the assumption that the seller financed homes would not count against the 10 home limit for Fannie/Freddie loans. My mortgage lender thought the same but after checking they do count against the 10 loan limit.

Is this universal for all lenders or specific to the bank I’m working with? Since the four seller financed homes aren’t with Freddie/Fannie I was wondering how these count against my limit.