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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.
The Author: Real Estate Investment Firm
About: Matt Steel is the founder and president of Real Estate Investment Firm. Matt works with his real estate team, all specialists, helping buyers and sellers of distressed properties come together and complete a win-win real estate transaction. They've helped many new home buyers and investors find the right home or property in Washington. Matt and his dedicated Washington real estate investment team have the resources to find exactly the type of property you are looking for at a great price.
This entry was posted by Real Estate Investment Firm, on Monday, February 9th, 2009 at 5:40 pm and is filed under Featured, Marketplace. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
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