Does anyone know of an investor who is offering the FNMA multiple property loan?  Borrower has 7 properties financed, this would be her 8th.  I'm already familiar with Flagstar's program.  Any help is appreciated.

If they can not qualify for their 8th fannie loan your next best bet is to create a note, have the seller finance, hold it for a few months and sell the note to an investor; as appears on the surface to be a great candidate for a note buyer to purchase from you if you set it up correctly.

I saw your post and we just rolled out a new financing product that would allow your investor to move forward.  We offer a non-owner occupied no doc loan at 65% LTV.  Please let me know if you've already found a home for this deal. 

Thanks,

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Ted Esquibel –Account Executive

Econohomes
o: 512-334-1481| c: 512-203-6230 | f: 512-692-1961

Ed,

We can do this loan on our Servicing Retained product line, as we are a Fannie Direct Seller/Servicer. 75LTV max, 660 credit min, 6 mo PITI for all financed properties up to 10 total. If this works for you, shoot me an email.

Thanks,

Rodney