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You are here: Home / Blog / Fannie Mae Removes 4 Property Limit For Investors

Fannie Mae Removes 4 Property Limit For Investors

ec_fanniemae_051508.jpgLast Friday Fannie Mae announced that they are lifting the rule that limits investors to only four financed properties starting March 1st.  Fannie Mae’s policy change will increase the limit of four financed properties to ten.  This should get investors active again which will help keep the inventory of foreclosures and short sales down.  

Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home will need to  meet the following standards, as set forth by Fannie Mae

1. 720 credit score

2. 25% downpayment for a 1-unit (30% for a 2-4 unit)

3. No mortgage delinquencies in the last 12 months

4. 6 months of reserves for each investment property

530-222-1818
1171 Hilltop Dr
Redding CA 96003

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