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Updated about 6 years ago on . Most recent reply
How many mortgages at once?
I am looking for clarification on things I've heard regarding the amount of properties one person can hold under loan from a traditional loaning agency at a time ( around 5?) Does this rule have a name? Or is this an approximation extracted from debt to income ratio? Does a vehicle loan as an example lower the max amount?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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The conventional loan limit, Fannie Mae/Freddie mac is 10 mortgages properties, after that you’ll need an in house portfolio loan or commercial loan. Of course, you have to qualify for them.