But as I said, you aren't going to overcome that fannie mae limit that you have since you're already at 10.

I did a pre-auction bid for $44k total and Fannie Mae accepted.I thought this was a good cash flowing property at $69k but I could not finance it due to a zoning issue (zoned industrial but it's a house with a metal building on the property).

I believe HARP only applies to those mortgages held my Fannie Mae of Freddie Mac.

That's what those Fannie Mae & Freddy Mac guidelines are all about.

@Kevin Macdonald - you want a 30-year fixed rate loan, and lenders generally will follow Fannie Mae guidelines (in order to sell the loan on the secondary market).

Properties 1-10 are easy, as you can utilize either the delayed financing exemption or a standard 1 year seasoning through a traditional Fannie Mae/Freddie Mac lender.

I like the Fannie Mae Home Ready loan.

@Upen PatelIs this the exception you were talking about, this is directly from a Fannie Mae website:No property ownership restrictions if purchasing a primary residence or second home

I believe you can have four loans under fannie mae guidelines and up to ten conventional loans with freddie mac guidelines.

Hey HarryMuch of that will depend on whether you are looking to refi into a secondary market loan (fannie mae/freddie mac) or onto a bank's portfolio.