Limits on the Number of Financed Properties
The following table describes the limits that apply to the number of financed properties a borrower may have.
| Subject Property Occupancy | Transaction | Maximum Number of Financed Properties |
|---|---|---|
| Principal residence | Transactions other than HomeReady loans | No limit |
| Principal residence | HomeReady loans | DU and manually underwritten - 2 |
| Second home or Investment property | All | DU - 10 |
Exception: High LTV refinance loans are exempt from the multiple financed property policies. See B5-7-01, High LTV Refinance Loan and Borrower Eligibility for additional information on these loans.
For complete details, see B2-2-03, Multiple Financed Properties for the Same Borrower.