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335
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Ryan Keenan
  • bethel, CT
57
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335
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Does your income matter getting to 10 loans?

Ryan Keenan
  • bethel, CT
Posted

Hello BP, I know that conventional loans allow for 10 loans max. If you make a basic income say 60k a year is it still possible to obtain 10 mortgages? Mortgages in my area I'm looking at are around 80 to 100k. Does it get more difficult after a certain number in reguards to DTI. Do you need a high paying job to get 10 conventional mortgages?

Thanks

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1,545
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Kevin Romines
  • Lender
  • Winlock, WA
1,101
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1,545
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Kevin Romines
  • Lender
  • Winlock, WA
Replied

The actual reserve requirements for conventional loans are shown below: Its good to know what is required long before you need the reserves.

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