Fannie Mae increases limit on how many properties an investor can buy from 4 to 10
Posted on March 3rd, 2009 by domi
Investor Eligibility Requirements
Investors buying the 5th through 10th home will need to meet the standards illustrated above and the following:
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
Filed under: investment properties
