Posted to: Investing

Investor Mortgage Programs

This just in from Chet Gohd, mortgage broker extraordinaire, and owner of RPM Mortgage in Berkeley.

“I’ve just heard some exciting news and thought I’d pass it along. Fannie Mae, who buys most of the loans which are placed up to $625,500, has just announced that they will be lifting the restrictions for Investor buyers. Currently, there is a maximum amount of loans that a buyer can have (4) and after this is released, the new maximum of 10. There will be higher credit requirements, down payments and reserves required but it will greatly help those of you with well qualified buyers who have been restricted by the maximum 4 financed property rule.”


No comments for “Investor Mortgage Programs”

Post a comment

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

New Listing: 1086 Spruce, Berkeley Hills
June 4, 2017
By Krista Miller
Albany and Berkeley Make the “Best of” Charts
May 9, 2017
By Krista Miller
How Following Zillow’s “Best Time to List” Tool Could Hurt You
April 25, 2017
By Krista Miller
3405 Wisconsin, 3 beds + 2 baths in the HOT Laurel District
April 6, 2017
By Krista Miller
A Historical Tour of San Pablo Park, Berkeley
March 25, 2017
By Krista Miller