Posted By: Sean Terry | February 7, 2009
Investors Can Now Finance Up to 10 Investment Properties Starting March 1, 2009!
Lending giant Fannie Mae announced on Friday, February 6th 2009 they’re lifting the 4 property rule limit as of March 1, 2009. The Fannie Mae Policy Change will allow qualified investors to finance more than 4 properties. This is a huge policy change that will make a massive positive changes in the real estate market across the country. Under the previous guideline investors could only finance 4 properties, which meant a seasoned investor with 5 properties, great credit and documented income could not finance an investment property. Well today that has changed. Here are the requirements for investors under this new guideline:
Although the LTV is only 70% this is still a huge stride in the right direction allowing investors to capitalize on this market.
If you would like to learn how to Buy Cash Flow Properties For Only $7,500 Out of Pocket, Click Here.
- Fannie Mae 4 Property Rule…We Have a Solution! Posted By: Sean Terry | December 18, 2008 Do...
- Fannie Mae to Suspend Foreclosures in This Drastic Measure! Posted By Sean Terry| January 30, 2009 Fannie Mae and...
- REO Danger – Avoid Fannie Mae if you want to Wholesale or Fix-and-Flip for a Profit! For most investors, finding good REO deals is hard...