Conventional Financing Limit Question

[Brandon G.]

I've read that there is a limit to the amount of mortgages an individual can carry (I think it's 5?). My question is does this limit apply in the same way to multi-family properties? So if the limit is 5, could an individual own 5 four-plexes (20 doors)?

[Rodney Kuhl]

The limit is 10. Some banks will tell you the limit is 4, but that would just be the guidelines of that specific bank. If they tell you 4 or 5, you can find a different lender who should lend up to 10.

I haven't looked into multifamily, but my understanding is anything 4-plex and less is considered residential and therefore is under the same guidelines as a SFH.