4 mortgage loan limit big banks - Is it per person or per family?

[Jain P.]

I have 3 mortgage loans(1 primary, 2 investment) under my name only. All titles for home are under a revocable trust with both spouses name listed as trustees. My spouse doesn't have any loan under her name.

For the 4th home under contract, I wonder if I should be

1.)Taking loan under my name only OR

2.)Taking loan under my spouse only

The reason I ask this is, I read that most of the big bank lenders, don't provide loan for new-purchase/refinance/cashout-refinance with more than 4 loans, due to the risk involved and amount of paperwork for them to review.

Does the spouse loan count under the 4 limit, or the 4 limit is per person ?

Is it a good idea to go with the loan under spouse name only?

#lending #mortgage