3rd Investment property qualifications - WA State
We own 2 homes currently and are looking to buy a 3rd. We've been qualifying as owner occupied because we live in them for 1 year, rent it out for another 6-12 months, claim the income on our taxes and then buy another... we are keeping them as long term rentals of course. Are there any issues that we might face buying more than 2, 3, 4, etc? Any special programs or lenders to seek or avoid? We live in WA State. Any advice is appreciated! THANKS! by kennard.rob83 from , California. May 6th 2014
Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions
Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
FNMA allows up to 10 financed properties, however some lenders have restrictions on that number.. usually 4 max.. and all lenders have the same overlay stating they wont finance you on more than 4 properties.. meaning they might allow you to have 10 financed properties, but you cannot have 4 loans with the same lender.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
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