Can I refinance an investment property if my property is NOT backed by fannie or freddie?

Hello. I am with a lender that will allow up to 10 mortgaged properties. We can do 2 loans for you, if you wish. Feel free to call me to discuss whether refincing makes sense for you. I can be reached at 614-310-7520. Pat McCarthy, Stonegate Mortgage Corp.

Your loan does not have to be backed by Fannie/Freddie to refinance.. Only if you're doing a HARP 2.0 refinance where you have less than 20% equity... For rate and term refinance, so long as your Loan to Value is 80%, (75 %< is ideal), then you can refinance.. You will have to provide tax returns, 1099's, w2's, etc, but can be done... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes, you'll just have to qualify with the equity position. You should expect to hear you'll need 25% equity them to make it work. If your primary home is financed, also, then you'll need to find a lender who can finance them when you have more than 4 financed properties altogether. Most brokers will have at least one source like this. Best of luck to you!

Sure, if you qualify you can either do a Harp 2 refi or regular conventional rate& term or cashout refi to 75%...

OH sorry no Harp just up to 80% rate and term and 75% CO

Yes you can. You need to work with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, including those that allow financing up to 10 properties using Fannie and Freddie guidelines and can properly guide you to the programs that make the best sense for your needs. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950