Mortgages capped at the number 6 locally

[Johnny Quilenderino]

Good morning BP,

I am a newbie still floating through the boards and learning daily. I am about to get my fourth rental and noticed that I am cannot exceed six open mortgages. Currently, I use USAA, USAA, Navy Federal, and US bank all of them have stated once you get to six you need to start paying them down.

Question to BP, "Are there mortgage companies that allow you to go past six?" If so, can I get the names of the companies. Thank you.

Johnny

[Upen Patel]

@Johnny Quilenderino Fannie allows individuals to get up to 10 financed properties. Your credit has to be 720 or better. Find a mortgage banker that don't have internal overlays.