Exciting News for Real Estate Investors
Some very exciting news for Real Estate Investors and potentially for those of us who’s livelihoods depend on the Real Estate Market.
We just received a bulletin from Fannie Mae that they are updating their guidelines to allow a maximum of 10 properties financed when the subject property is investment or second home.
LTV/ Fico Matrix for 5-10 properties financed
Second Home or Investment Property
Purchase 1 unit 75 LTV/ CLTV Min. 720 score
R/T Refi 1 unit 70 LTV/ CLTV Min. 720 score
Investment Property
Purchase and R/T Refi 2-4 units 70 LTV/ CLTV Min. 720 score
To learn more about Fannie Mae’s new guidlines you can contact Shane Pierard with Cobalt Mortgage.
Categories: Featured, Marketplace Tags: Fannie Mae, Lending guidlines
