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Arizona Valley Market Conditions

 

At valley market blog, we strive to bring you the most current information on the valley's market conditions. We also post special events such as model home furnature sales and their locations so check back often!

 

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Good news for investors looking to build a portfolio
Thursday, November 04, 2010

Loans Available for up to 10 Financed Properties

Buyers are still allowed to purchase and refinance up to 10 total properties under current Fannie Mae guidelines. Many banks have internal rules that will not allow more than 5 financed properties but Smart Financial still allows up 10 total financed properties. Borrowers looking to finance properties number 5-10 must have a 720 credit score, 25% down payment, and 6 months PITI reserves for all of their properties.

I have worked with Ryan@SmartFainancial many times. He has never missed a deadline.
Note: He can't do Canadian loans. I have another gent that can!
Posted by Brian on 11:31 PM • (0) Comments • (0) Trackbacks • Permalink • Email This Post
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