This change will prevent an investor who has more than 4 financed properties from obtaining a mortgage with lenders who sell their loans to Freddie Mac.Ĭurrently Freddie Mac and Fannie Mae do not have loan seasoning requirements on investment properties. Under current guidelines for Freddie Mac and Fannie Mae an investor is allowed to have up to 10 financed properties. For cash out refinances the borrower must own the property for at least six months prior to refinancing.įor a complete update on new Freddie Mac guideline changes go to:.A borrower may not have more than four financed 1-4 unit properties, including the subject property. Freddie Mac Cuts Maximum Number of Financed Propertiesįreddie Mac recently announced guideline changes that will greatly affect residential real estate investors.īeginning August 1st, 2008 the following changes will go into effect:
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