Updated over 11 years ago on . Most recent reply
- Real Estate Broker
- Columbus, OH
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Getting to 10 Mortgaged Properties
Why does my lender claim they can only loan 4 mortgages? Where does the 10 mortgage limit come from? And are there LTV restrictions (75%LTV?)...
- Brandon Sturgill
- 937-979-7000
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#5 All Forums Contributor
- Plymouth, MI
@Brandon Sturgill It depends on your market/location and the lender. Most traditional lenders are "handcuffed" to some extent and can only do up to 4 or 5...and there usually is anywhere between 65-75% LTV, again depending on location/market and lender.
Once you get out of the traditional lenders, like private sources/brokers, you get away from the 4/5 loan restrictions. I have a bank that will do 5 loans per person at 70% LTV, and a private broker that will do up to 10 loans and between 75-80% LTV.
Joe Villeneuve
REcapSystem
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