Finance More Than 4 Properties In AZ

Multiple Financed Properties Program

Mortgage multiple investment properties.

Do you have more than four mortgaged properties?

Are you looking to financed more than four properties?

If you answered “yes” we have a loan product for you.

Many Real Estate investors looking to capitalize on the Arizona mortgage rate market and historically low home prices have tripped over a stumbling block set forth by many mortgage companies.  Some lenders are only willing to lend to borrowers that have 4 financed properties or less.  Active investors find themselves at that level pretty quickly in this marketplace.  When this happens investors have in the past had nowhere to turn for financing on property number 5 and beyond.

Have no fear, our multiple financed properties program is here!  When some AZ mortgage companies stop at four properties we will allow an investor to finance up to ten/10 properties.    We are able to offer this program due to a strategic relationship with Fannie Mae.  Fannie Mae is the investor that offers the multiple financed properties (more than four/4 mortgages) home loan program.

This product allows an investor to finance a home purchase, complete a rate/term AND a cash out refinance on 5+ investment and/or second home properties. The maximum number of financed properties allowed on this program is 10.  Below are some of the key guidelines associated with our multiple financed mortgage option (more than four/4 home loans program):

Purchase Guidelines

Minimum required credit score: 720
Maximum Debt to Income Ratio: 45% to 50%
Maximum Loan Amount: $417k
Maximum Loan to Value: 75% for a vacation home 1-4 units and investment property single family/ 70% for an investment property 2-4 unit

Rate and Term Refinance Guidelines

Minimum required credit score: 720
Maximum Debt to Income Ratio: 45% to 50%
Maximum Loan Amount: $417K
Maximum Loan to Value: 70% for both second home and investment property 1-4 units

Cash Out Refinance GuideLines – this product may only be used if scenario meets delayed financing guidelines –  Learn more

Minimum required credit score: 720
Maximum Debt to Income Ratio: 45% to 50%
Maximum Loan Amount: $417K
Maximum Loan to Value: 70% for both second home 1-4 unit and investment property single family/ 65% for investment 2-4 units

This product is processed, underwritten, funded and closed in-house allowing my team and I to close quickly and efficiently without our clients experiencing unforseen mortgage related surprises and delays.

If you are looking to finance an investment property or a vacation property (aka second home) and you already have 4 or more financed homes call or email me today so that I can help you understand how this program can help you expand your Real Estate portfolio.

By Jeremy House
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  1. […] to this an investor was either stuck at financing 4 properties or utilizing Fannie Mae’s Multiple Financed Properties program for up to 10 properties however Fannie’s program does not allow cash out refinances (except […]

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