Effective March 1, 2009 Fannie Mae will allow investors to own up to ten (10) financed properties based upon borrower eligibility requirements. This is a much anticipated and welcome change to regulations that temporarily sidelined seasoned investors who owned more than four (4) financed properties. Fannie Mae returned to the ten (10) property limit because experienced borrowers will play a key role in the housing recovery.
This change in Fannie Mae regulation will allow investors with 4+ properties to resume purchasing property for investment or resale. The goal of this change is to help stimulate the current housing market and in turn help stimulate the overall economy.
Click here for Fannie Mae guidelines...
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0902.pdf
Thursday, March 5, 2009
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