How Many Mortgages Can I Carry?

great question- You are allowed to carry 4 residential mortgages on your credit report tied to 4 properties. if you are carring seconds on those 4 homes then that is allowed as long as lending guidelines allow it. You are allowed to carry as many commercial mortgages as lenders will allow. Commercial and Hard money loans do not usually report to the credit agencies so they will not show up on your credit report! Hope that helps!

You can have up to 10 financed properties. After 4 however, the guidelines and your loan choices are limited as there are not as many investors willing to take on the risk.

hi: If you are seeking to purchase a home to live in, per Fannie and Freddie Mac guidelines, no max limitations on financed properties. Lenders have their own overlays also. With my bank, we have no max financed limitations either if you purchase a subject property to live in or for investment/2nd home purposes. Call me to discuss.. Mike 703 505 5300..I can do up to 10 financed properties with my bank and also we can go hard money lenders I work with.

If seeking a "conventional" mortgage (one underwritten in accordance to Fannie Mae guidelines), you can have up to 10 financed properties. Conventional mortgages typically have the best interest rates. If more than 10 financed properties, you may be able to secure a "portfolio" mortgage (one from a lender willing to hold the mortgage for their own investment). Let me know if I can be of any further assistance.

hi there: sorry about the wording in my previous response...here's what Fannie says...If the mortgage being delivered to Fannie Mae is secured by the borrower's principal residence, there are no limitations on the number of properties that the borrower can currently be financing. If the mortgage is secured by a second home or an investment property, the borrower may own or be obligated on up to ten financed properties (including his or her principal residence). Note: above is Fannie's guidelines but lenders can have their own overlays also. Freddie is the same guideline for subject primary but maxed out at 4 financed properties if subject is an investment or 2nd home..sorry for the confusion in my previous response above.