As your mortgage lender we have a unique program that allows a borrower to purchase 10 financed properties. Many lenders are only allowing a borrower four mortgages. When a borrowers purchase a second home or investment property and they already have 4 loans a few requirements change:
- The down payment must be 25%.
- The borrower’s credit score must be 720 or greater.
- They must have six months of reserves for each property they own with the exception of their primary residence.
In certain instances for married couples who are both employed we can provide up to 10 loans each. For more specific questions or same day pre-approvals call 480-397-9090 and we will help.