Limits to the Level of Financed Qualities
Exception: High LTV refinance financing was exempt in the numerous funded possessions formula. Select B5-7-01, High LTV Refinance loan and you will Borrower Qualifications more resources for this type of finance.
the amount of you to definitely- so you can four-unit attributes where the borrower try directly required towards the mortgage(s), even if the monthly construction costs are excluded in the borrower’s DTI in accordance with B3-6-05, Month-to-month Debt burden
the amount of properties funded (maybe not just how many mortgage loans on the property nor the number away from mortgage loans offered so you can Federal national mortgage association), with several device attributes (particularly a two-unit) depending overall property;