Update on How Fannie May Counts Financed Properties

Prior to Dec 2017 Fannie Mae used to count financed properties based on who was obligated on the mortgage as in personally guaranteeing the note OR if a borrower was listed on title.

As of Dec 2017 Fannie has issued a statement revising their definition of what constitutes a "financed property," for their maximum of 10 financed properties count.

Now only borrower personal obligation or guarantee on a mortgage note is the sole definition to the 10 financed properties count.

So this means you could personally be on title to, own entities that have title to properties , but as long as you were not personally obligated on the mortgage note then these residential 1-4 unit properties would not count in your 10 maximum count.

Its important to note this is in reference to Fannie Mae only and its to be seen how the other conventional loan provider, Freddie Mac, will follow suit or not.

The above does not apply to commercial properties or properties with 5+ units, or land/land loans, etc.