Posted by Kent C on July 21, 2002 at 03:38:17:
I am looking for a lender to replace my old one. I have A+ credit, houses are $30k-$50k, looking for 6.75 or so fixed for 15 years, low pts. I DO have more than 9 houses ! These are for refi’s after I buy hses cash and remodel. (80%LTV loans)
9 house limit per FHA ??? - Posted by Kent C
Posted by Kent C on July 21, 2002 at 03:34:25:
Has anyone been having trouble with FHA’s new 9 house lending limit? I have been refused by 4 quality (previously friendly) lenders that can no longer do business with me due to FHA now forbidding loans for people with 9 properties or more.
These were NOT FHA loans. But the lenders were afraid it would limit their ability to sell these loans on the secondary market.
The broker I am using could not get me last months rental-refi rate of 6.75% fixed for 15 years. I had to settle for 8.75% fixed 15 years.
Or did my broker skin me?