We are often asked by our customers if Fannie Mae and Freddie Mac loans are available for rental properties.
These two Agencies do allow rental properties to be financed under their basic 30 and 15 year fixed rate programs. In fact, these are some of the best loan programs that are available for residential investment properties.
Here are the current (2014) loan limits (for all Sates except Alaska, Guam, Hawaii and the U.S. Virgin Islands):
1 unit – $417,000
2 units – $533,850
3 Units – $645,300
4 units – $801,950
For Alaska, Guam, Hawaii and the U.S. Virgin Islands:
1 unit – $625,500
2 units – $800,775
3 units – $967,950
4 units – $1,202,925
Source: Fannie Mae
Posted by: Brian Bush
Brian and his team have been funding investment property loans for over 23 years. Since 1991, they have funded over 1,000 loans totaling more than 1 Billion Dollars.
You can reach Brian at 800-607-1941 x220 or bbush@slglends.com .
