How Many Mortgages...?

[Clay Manship]

All-

I have read where you can only have 4 or 5 mortgages out with banks who sell their loans to Freddie/Fannie. However, I am looking to both originate conventional lending as well as refinance private notes at smaller, local credit unions that hold these notes in their portfolio, and therefore are not subject to the "limit" or 4/5 mortgages.

Is this still the case in 2014? Does anyone know of the typical lending requirements? Does anyone have a lender that they would recommend? I would love to build a relationship off of a referral and do all of my business moving forward with one dependable lender.

Thanks for all the thoughts, advice, and referrals to lenders at these smaller banks!