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.
