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Fannie Mae Lifts 4 Property Rule

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.Fanie Mae New Guidline Change

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This entry was posted on Thursday, February 12th, 2009 at 1:36 pm and is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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