Diqualified after 10 properties or 10 conventional loans?
Howdy Guys!
I though the rules (fani and freddi) are if you hold 10 properties you can no longer qualify for more. I bought 20 at one time under a commercial loan so I could meet the deadline of the sale. This was my first purchase and I have zero conventional loans(or any loans really). I had a lender tell me that I was disqualified because I had more than 10 properties, not becasue I had more than 10 conventional loans.
Was this correct?