How Many Properties Can You Finance?
The number of financed properties you may hold depends on the product, and the limits are more generous than most investors expect.
Quick answer
Saxton Mortgage does. On at least one conventional program we offer, there is no limit on the number of properties you own or finance when the new loan is for your primary residence. At least one non-QM program we offer allows up to 20 financed residential properties per borrower, and at least one HELOC we offer allows investment properties for borrowers with up to 15 financed properties.
The property count question, answered plainly
Limits are set by the type of loan, not by an arbitrary ceiling.
- Limits apply to the number of financed properties a single borrower may hold.
- On one program a first mortgage carries no limit on financed properties.
- At least one home equity line program we offer allows up to 15 financed properties.
- Second mortgage transactions also carry maximum combined loan amount limitations.
- Limits are set per product, so the answer depends on what you are applying for.
- Rate and term refinances on that program require no ownership seasoning.
Per-borrower property limits
No limit on first mortgages
Equity lines on up to 15 financed homes
Combined loan amount limits apply
Limits vary by product
No seasoning on rate and term
What are the Saxton multiple financed property rules?
How many properties you can have financed at the same time.
Investors building a portfolio hit this question fast. Conventional lending has historically capped the number of financed properties a single borrower can hold, and that ceiling is what stops a lot of people at four or ten properties regardless of how well the portfolio performs.
The limits are not uniform. On one of our programs a first mortgage carries no limit on the number of financed properties a borrower may have. Which limit applies comes down to the product you are using rather than to you.
There are related conditions worth knowing. Second mortgage transactions carry maximum combined loan amount limitations in addition to the property count, so the two interact. On that program a rate and term refinance requires no ownership seasoning, which matters if you have recently acquired the property you want to refinance.
Why bring a growing portfolio to Saxton?
For investors who have been told they have hit the property limit somewhere else.
The Limit Is Product Specific
Being capped on one product does not mean you are capped everywhere. A first mortgage on one of our programs carries no property count limit at all.
Equity Lines On Rentals
At least one home equity line program we offer accepts investment property from a 640 score, with lines up to $500,000, for borrowers with up to 15 financed properties.
Combined Limits Matter Too
Second mortgages also carry combined loan amount limits. Counting properties alone will not tell you the whole answer.
No Seasoning On Rate And Term
If you recently bought a property and want to refinance it, no ownership seasoning is required for a rate and term on that program.
Bring Us The Whole Picture
The right structure depends on what you already hold. A schedule of your properties is the fastest way to a straight answer.
Seasoning Rules Differ
On one program a rate and term refinance requires no ownership seasoning, which matters if you acquired the property recently.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing more than one property.
Saxton Mortgage does. On at least one conventional program we offer, there is no limit on the number of properties you own or finance when the new loan is for your primary residence. At least one non-QM program we offer allows up to 20 financed residential properties per borrower, and at least one HELOC we offer allows investment properties for borrowers with up to 15 financed properties.
Not universally. On one of our programs a first mortgage carries no limit on the number of financed properties. Other products set their own ceilings.
Yes, within limits. At least one home equity line program we offer accepts investment property from a 640 score, with lines up to $500,000, and allows up to 15 financed properties. Another starts at 680, for lines up to $400,000, outside Texas and New York. We also offer fixed home equity loans, up to $1,000,000 with at least one program.
It may be right for the program you were being offered. Property count limits are set per product, so being capped in one place does not mean you are capped everywhere.
Yes. Second mortgage transactions also have maximum combined loan amount limitations on top of the property count, so both need checking.
For a rate and term refinance on at least one program, no ownership seasoning is required.
How properties are counted depends on the program and the occupancy of the subject property. Send us your schedule of real estate and we will work it out.
A current schedule of the properties you own and what is financed against each. From that we can tell you where you stand rather than guessing.
Find out what you qualify for
If a property count has stopped you somewhere else, it is worth a second look. Send us your schedule of real estate.
Get Pre-Qualified*Financed property limits, combined loan amount limits and seasoning requirements are set by the applicable program and are subject to credit approval, income and asset verification, and program guidelines. Limits described here apply to specific products and do not apply across all programs. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.