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Fannie Mae 3 2 Converter Form

Fannie Mae 3 2 Converter Form

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Instructions and help about Fannie Mae 3 2 Converter

[Music] hello this is joe pryor the virtual real estate team in oklahoma city and kind of did a general introduction about becoming a serial investor or whatever you want to call in a multiple a home or multiple property investor but let's get into probably the most important aspect of this which is financing now typically what you're going to need to do is well is do it what's called a fannie mae conforming loan which is typically going to be 20 down uh now there is a 15 percent down uh that you can do we'll get into that in just a little bit but here's the thing if you are an individual with a good income you can have up to 10 mortgages with fannie mae now that's any kind of mortgage first home a second home an investment home a total of mortgages if you would own it free and clear it doesn't count and that also means that it's not just a single family you can go up to four units together and that is considered one mortg

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