Fannie allows 10 again
https://www.efanniemae.com/sf/guides/ssg/2009annlenltr.jsp
www.eFanniemae.com
Select brokers/correspondants
Select lender announcements
Announcement 09-02
March 1 is the kick off date
Properties 5-10
720 fico
75% purchase 1 unit
70% no cash out refi 1 unit
70% purchase or no cash out refi 2-4 units
6 months reserves for all investment properties owned
* side note - properties 1-4 will require 6 months reserves for subject and 2 months for all other investment properties.
(fannie reserve changes not not mandatory till June 1 but you will likely see lender overlays prior to this date)
If you need assistance anywhere in the US with your loans please let me know