The four loan limit has been removed according to the Fannie Mae website, so that a high quality credit borrower can have multiple mortgages over the four limit now:

From the Fannie Mae announcement:

“Fannie Mae is updating the policy that pertains to multiple mortgages to the same borrower.

Fannie Mae’s current policy limits the number of one- to four-unit financed properties in which theborrower may have an individual or joint ownership interest to

four financed properties when the

mortgage being delivered to Fannie Mae is secured by an investment property or second home.

The limitation on the number of mortgages currently being financed applies to the total number

of properties financed, not just the number of mortgages sold to Fannie Mae. Fannie Mae is

modifying this policy to allow investor and second home borrowers to own five to ten financed

properties if they meet certain eligibility and underwriting and delivery requirements as outlined

in this Announcement.”

To your success, Maria Gudelis