The short answer, and the number most investors get wrong
Quick answer: a portfolio loan for rental properties is one loan across several properties, usually a blanket note secured by all of them. Investors reach for one because the conventional route stops. Fannie Mae's Selling Guide caps a borrower at ten financed properties when the subject is a rental or second home. The counting is the part nobody gets right. Your own financed home counts. A fourplex counts as one. A property you are not personally obligated on does not count at all.
Most guides on this subject stop at the definition and leave you no better off. That is a shame, because the interesting part is not what a blanket loan is, it is the arithmetic that pushes you toward one. The conventional ceiling is real, it is published, and it arrives sooner than investors expect, because two of the rules that decide when you hit it are counterintuitive. This page works the counting rules line by line against Fannie Mae's own text. It shows what crossing a reserve tier costs in cash on a Las Vegas portfolio. Then it ends with an honest comparison of a single blanket note against a stack of separate loans. The right answer is not the same for everyone, and the thing that decides it is usually not the one people argue about.
Key takeaways
- The conventional ceiling is ten financed properties, and it is published rather than folklore. Fannie Mae's Selling Guide B2-2-03 sets the maximum at ten for Desktop Underwriter casefiles when the subject property is a second home or an investment property. A principal residence has no limit at all on its own, the one exception being a HomeReady loan, which is capped at two.
- The house you live in counts toward the ten. B2-2-03 says the calculation includes the borrower's principal residence if it is financed. So an investor with four rentals and a mortgage on their own home is at five, not four, before buying anything.
- A fourplex counts as one property, and a five-unit building does not count at all. The guide counts properties rather than doors, and it excludes multifamily buildings of more than four units from the limit entirely. In Clark County that matters in dollars: the 2026 conforming limit runs 832,750 dollars on a one-unit and 1,601,750 dollars on a four-unit.
- Crossing from four financed properties to five costs real cash, and on the worked file below it is 13,941 dollars. Reserves on other financed properties jump from 2 percent of the aggregate balance to 4 percent at the fifth property. On a 697,050 dollar aggregate that is 13,941 dollars of extra verified assets, triggered by a property whose own balance is excluded from the calculation.
- Entity-financed properties fall outside the count, and the reason is mechanical rather than clever. Fannie buys loans made to natural persons. So a loan the entity owes, and that you are not personally obligated on, was never an agency loan in the first place. That is the real route past the ceiling, and it is the route the whole DSCR category sits on.
What is a portfolio loan for rental properties?
A portfolio loan for rental properties is one loan written across several properties at once. The lender takes a lien on every property in the group, issues one note, and collects one payment. The same instrument is often called a blanket mortgage, and in this context the two words describe the same structure. It is the alternative to what most investors do by default. That default is to finance each rental separately, and to end up with a filing cabinet of individual loans that mature on different dates and answer to different servicers.
The mechanical difference that matters is cross-collateralization. Every property in the group secures the whole balance, not just its own share. That is the source of both the convenience and the risk. It is also why a well-drafted blanket note carries a release clause. That provision lets you sell one property out of the group without paying off or refinancing the entire loan. A blanket note without a workable release clause turns your portfolio into a single illiquid block. Read that term before you sign rather than after.
| What you are comparing | A stack of separate loans | One blanket or portfolio note |
|---|---|---|
| Number of notes | One per property | One across the group |
| Collateral | Each property secures only its own loan | Every property secures the whole balance |
| Selling one property | Pay off that loan, the others are untouched | Needs a release clause, or the whole note comes due |
| A weak property in the group | Isolated to its own file | Can be carried by the stronger ones, or can drag the group |
| Closing work | One full file per property, repeated | One file, several appraisals |
| Refinancing one door later | Straightforward | Usually means unwinding or amending the group |
| Typical amortization | Long-term fixed is common | Commercial shapes are common, including balloons |
Read the third and sixth rows first. Those are the ones that bite, and they bite years later when your plans have changed. Investors usually choose a blanket structure for the second row and then discover they cared about the third. Want the underlying qualification method worked through on its own before you get to structure? How DSCR lending works in Las Vegas, end to end is the piece that sets it up. And running the ratio on your own numbers takes about a minute.
Why does the conventional route stop at ten properties?
Because Fannie Mae publishes a limit and it is short. Selling Guide topic B2-2-03, Multiple Financed Properties for the Same Borrower, dated 5 November 2025 in its current form, sets out the ceiling in a single table. When the subject property is a second home or an investment property, the maximum number of financed properties is ten. That maximum applies to Desktop Underwriter casefiles. When the subject property is a principal residence, and the loan is not a HomeReady loan, there is no limit at all.
That asymmetry is the whole story in miniature. The agency system is built around the home you live in and treats rentals as an exception it is willing to tolerate up to a point. Cross the point and the system stops. Not because you became a worse borrower, but because you ran out of a quota that has nothing to do with your file. Our own overview of the category makes the same observation from the other direction. The reason a loan gets called non-QM at all is worth reading alongside this if the vocabulary is new.
| Subject property occupancy | Transaction | Maximum number of financed properties |
|---|---|---|
| Principal residence | Transactions other than HomeReady loans | No limit |
| Principal residence | HomeReady loans | 2, on Desktop Underwriter and manually underwritten files |
| Second home or investment property | All | 10, on Desktop Underwriter |
What actually counts as a financed property?
This is where files go wrong, and it goes wrong in both directions. Investors assume the count is a list of their rentals. It is not. B2-2-03 spells out what goes into the calculation, and two of the four inclusions surprise people every time.
What the guide counts
- One-to-four-unit residential properties where the borrower is personally obligated on the mortgage, even where the monthly housing expense is excluded from the debt-to-income ratio.
- The total number of properties financed, not the number of mortgages on them. A property with two mortgages is still one property.
- Multiple-unit properties counting as one property. A duplex is one. A fourplex is one.
- The borrower's principal residence, if it is financed.
- The cumulative total for all borrowers on the file, with jointly financed properties counted once.
What the guide excludes
The same topic lists five property types that fall outside the limitation, even where the borrower is personally obligated on a mortgage against them. Commercial real estate. Multifamily property of more than four units. An interest in a timeshare. A vacant lot, residential or commercial. And a manufactured home on a leasehold estate that is not titled as real property.
The consequence people miss. The count is by property and not by door, and buildings over four units drop out of it entirely. So two investors with wildly different portfolios can sit at the same number. Five single-family rentals is five properties and five doors. Five fourplexes is five properties and twenty doors. A five-unit building is not counted at all.
In Clark County that gap is measurable in principal rather than in theory, because the conforming limit rises with unit count. The Federal Housing Finance Agency published the 2026 values on 25 November 2025, and Clark County sits at the national baseline. That is 832,750 dollars on a one-unit property, 1,066,250 on a two-unit, 1,288,800 on a three-unit and 1,601,750 on a four-unit. Run those against the ten-property ceiling and the two portfolios are not close.
| Portfolio shape | Financed properties counted | Doors | Conforming principal available at the ten-property ceiling |
|---|---|---|---|
| Ten one-unit rentals | 10 | 10 | 8,327,500 dollars |
| Ten two-unit rentals | 10 | 20 | 10,662,500 dollars |
| Ten fourplexes | 10 | 40 | 16,017,500 dollars |
| Any number of five-unit-plus buildings | Not counted | Uncapped by this rule | Outside the conforming system entirely |
The bottom row is not a trick. It is the reason experienced Las Vegas investors drift upward in unit count as they scale. It is also why the five-unit-and-above side of the market runs on completely different paperwork. The ten-property rule simply does not reach it.
Want the count run against your actual portfolio?
Send the property list with unit counts, current balances and how each one is vested. You get the financed-property count computed the way B2-2-03 computes it, the reserve tier that count puts you in, and the aggregate balance the percentage applies to. Current as of September 9, 2026.
Get your fast quoteWhat does the fifth property do to your reserve requirement?
It changes a multiplier, and the change is larger than it looks. Selling Guide B3-4.1-01 sets the base first. On Desktop Underwriter casefiles an investment property transaction carries six months of reserves, measured in months of the subject property's qualifying payment. Then, separately, additional reserves are required when the borrower has multiple financed properties and the subject is a second home or investment property. Those additional reserves are a percentage of the aggregate unpaid principal balance on the other financed properties, and the percentage steps up with the count.
| Number of financed properties | Additional reserves required |
|---|---|
| 1 to 4 | 2 percent of the aggregate unpaid principal balance |
| 5 to 6 | 4 percent of the aggregate unpaid principal balance |
| 7 to 10 (Desktop Underwriter only) | 6 percent of the aggregate unpaid principal balance |
The worked file
The investor. A Las Vegas landlord with three financed single-family rentals and a mortgage on their own home in Henderson, buying a fourth rental. All figures below are illustrative.
The balances on the three existing rentals. 228,400 dollars, 271,900 dollars and 196,750 dollars. Added together that is 697,050 dollars. The Henderson residence and the property being purchased are both excluded from this aggregate under B3-4.1-01, so neither balance enters the calculation.
The count, under B2-2-03. Three rentals, plus the financed principal residence, plus the subject property being purchased. That is five financed properties.
What five does. Five falls in the 5-to-6 band, so the percentage is 4 percent rather than 2 percent. Four percent of 697,050 dollars is 27,882 dollars. Had the count landed at four, the same aggregate at 2 percent would be 13,941 dollars. The difference is 13,941 dollars of additional verified assets. That sits on top of the six months of reserves on the subject property that the transaction already carries.
The Valley West take
Look at what actually crossed the line. Without the Henderson residence in the count, this investor sits at four financed properties and pays the 2 percent rate. With it, they sit at five and pay 4 percent. Yet the residence's own balance is expressly excluded from the aggregate the percentage multiplies. So the home you live in doubles the rate without adding a dollar to the base. It is not a loophole and it is not an error. It is simply what the two topics say when you read them together. It is also the single most common reason a scaling investor's cash-to-close comes back higher than they modelled.
Notice also what this does to timing. The step is triggered by a count, so it lands entirely on one transaction. The fourth rental is not 25 percent more expensive to close than the third. On these numbers it is 13,941 dollars more expensive. The fifth and sixth then cost nothing extra in percentage terms, because the band is flat until the seventh property. Investors who model the cost of scaling as a smooth curve are modelling the wrong shape. Sibling programs handle this tiering differently, and how the reserve tiers read on an out-of-state file shows the same structure applied elsewhere.
Why does taking title in an entity change the count?
Because of a rule that has nothing to do with property counts. Selling Guide B2-2-01, in its 3 September 2025 form, states that Fannie Mae purchases or securitizes mortgages made to borrowers who are natural persons. The listed exceptions are narrow: inter vivos revocable trusts, HomeStyle Renovation mortgages, and land trusts in states where the beneficiary is an individual. A limited liability company is not on that list.
Follow that through and the property-count rule resolves itself. B2-2-03 counts properties where the borrower is personally obligated on the mortgage. If a property is financed in the name of an entity and you are not personally obligated on that note, there is nothing to count. Fannie Mae's own worked example in the topic says exactly this. A borrower owns four two-unit investment properties, financed in the name of an LLC in which they hold a 50 percent interest. They are not personally obligated on those mortgages. So all four are excluded, leaving a count of two. The two are the second home being purchased and the principal residence the borrower is personally obligated on.
Read the mechanism before you read the opportunity. Those four properties are excluded because they were never agency loans to begin with. An entity cannot be an agency borrower, so an entity-vested rental is already financed outside the conventional system, on a product priced and underwritten differently. The count does not shrink because you found a gap. It shrinks because those doors already left the system the count governs. That is also the honest answer to why the DSCR category exists at all.
Two things follow that are worth saying plainly. First, vesting is a legal and tax decision with consequences well beyond a mortgage file. Transfer questions, insurance and how a lender treats a personal guarantee all turn on it. So it belongs with your own attorney and your own accountant before it belongs in a loan application. Second, the mechanics of holding a Las Vegas rental this way are their own subject. What changes when the borrower is an entity rather than a person covers the paperwork side in detail.
Blanket note or a stack of separate loans?
Here is a decision rule rather than a shrug. The question is not which structure is better in the abstract. It is which of two costs you would rather pay, because you are going to pay one of them.
The decision rule
If you expect to sell or refinance individual properties within the next few years, favor separate loans. The exception is a blanket note whose release clause is specific about which properties can be released, at what paydown, and on what notice. A vague release provision is the same as no release provision when you actually need it.
If the portfolio is stable and you are optimizing for administration and leverage, the blanket structure earns its keep. One note across several doors means one closing, one payment and one renewal conversation. It also often means a lender willing to look at the group's combined coverage rather than at each property in isolation.
If one property in the group is materially weaker than the others, know which way that cuts before you choose. In a blanket structure the strong doors can carry the weak one, which is the argument for it. In the same structure a default on the weak one reaches every property, which is the argument against. Both statements are true at once and the deciding factor is how confident you are in the weak property, not which sentence sounds better.
And if the driver is simply that you have run out of conventional slots, check the count before you restructure anything. On the worked file above, the investor was one property away from a 13,941 dollar step they had not modelled. Nothing about that required a blanket loan to solve. Sometimes the right answer to the ceiling is one more individually financed door, taken deliberately, with the reserve step budgeted for. Trimming the payment with an interest-only structure is another lever on the same problem, and it is often cheaper than restructuring an entire portfolio.
What does a portfolio file actually have to show?
More paperwork than one loan and less than several, which is one of the genuine efficiencies. The items below are the ones that recur regardless of program, and the shape of the list is worth knowing before you start gathering.
- An appraisal for every property in the group. There is no aggregate substitute. On rental valuations that normally means Form 1007 for a single-family rental, or Form 1025 for a two-to-four-unit property. Those are the forms that carry the market rent opinion the ratio is built on.
- Rent evidence per property. Executed leases where the property is occupied, and the appraiser's market rent opinion where it is not.
- A coverage calculation the lender will state explicitly. Some programs measure each property on its own and some measure the group in aggregate. That difference decides whether one soft property sinks the file or is carried by the others. Ask which one applies, in writing, before ordering appraisals.
- Reserves. Measured in months of payment, and on a portfolio the definition of "the payment" matters. Confirm whether the requirement is against the subject group only or against everything you own.
- Insurance across the whole group, with the lender named on every policy. A single missing policy holds up the entire closing rather than one property's.
- Entity documents where the borrower is an entity, typically the operating agreement, the certificate of good standing and the resolution authorising the borrowing.
One practical note that saves money. Because a blanket file closes as a unit, a problem on any single property stops the whole thing. Order the title work early on every property, not just the ones you are less sure about. An old lien or an unreleased judgment on the property you were least worried about is the classic reason a portfolio closing slips a month.
What if one property does not carry itself?
This is the situation the category exists for, and it has more than one answer.
If the coverage test is applied per property, a weak door fails on its own terms. The usual moves are the ones that shrink its payment. More cash into that property, a different amortization, or leaving it out of the group and financing it separately later.
If the coverage test is applied in aggregate, the arithmetic changes completely. A property covering less than its own payment can still sit inside a group that clears the target. The surplus from the stronger properties is doing the work. This is the single strongest argument for a portfolio structure and it is also the one most likely to be assumed rather than confirmed. Two lenders can look at the same six properties and reach different answers purely on this question.
If the weak property is vacant or between tenants, the market rent opinion on the appraisal is usually what carries it. A lease that does not exist yet cannot. That is a normal situation rather than a disqualifying one, but it does change which document the file leans on.
And if the weak property is weak because of the property rather than the rent, deal with that before structure. Deferred maintenance that shows up in an appraisal condition rating does not get better by being placed inside a larger loan. A group is only as closeable as its worst report.
Portfolio loans for rental properties: FAQ
The ceiling, and what counts against it
What is a portfolio loan for rental properties?
It is a single loan written across more than one rental property, secured by all of them at once. The same structure is commonly called a blanket mortgage. Instead of one note per property you have one note across the group, with one payment, and every property in the group securing the entire balance. That cross-collateralization is the defining feature. It is why the release clause, which allows one property to be sold out of the group, is the term worth reading first.
How many rental properties can you finance conventionally?
Ten. Fannie Mae's Selling Guide B2-2-03 sets the maximum at ten financed properties. That applies to Desktop Underwriter casefiles where the subject property is a second home or an investment property. Where the subject property is a principal residence and the loan is not a HomeReady loan, the guide states there is no limit. High LTV refinance loans are exempt from the policy entirely, but that exemption is currently academic: B5-7-01 states the acquisition of high LTV refinances is paused.
Does my own home count toward the ten-property limit?
Yes, if it is financed. B2-2-03 states the financed-property calculation includes the borrower's principal residence when there is a mortgage on it. This catches people out. An investor with four rentals and a mortgage on their own house is already at five financed properties. That fifth slot is what moves them into a higher reserve tier on the next purchase.
Does a duplex or a fourplex count as more than one property?
No. The guide counts the total number of properties financed, not the number of doors or the number of mortgages. It states explicitly that multiple-unit properties such as a two-unit count as one property. Buildings of more than four units are a separate matter again. B2-2-03 lists multifamily property of more than four units among the property types not subject to the limitation at all.
Reserves, entities and the arithmetic
How much extra in reserves does a fifth financed property require?
The percentage doubles. Selling Guide B3-4.1-01 sets additional reserves as a percentage of the aggregate unpaid principal balance on your other financed properties. It is 2 percent at one to four properties. It rises to 4 percent at five or six, and to 6 percent at seven to ten on Desktop Underwriter. Take the illustrative file on this page. An aggregate of 697,050 dollars costs 13,941 dollars at 2 percent and 27,882 dollars at 4 percent. Crossing into the second band therefore adds 13,941 dollars of verified assets, on top of the six months of reserves the transaction already carries.
Which balances go into that aggregate?
Mortgages and home equity lines on your other financed properties. B3-4.1-01 states what the aggregate calculation leaves out. Not the subject property, not the borrower's principal residence, not properties sold or pending sale, and not accounts that will be paid by closing. That produces the asymmetry worth remembering. Your own home counts toward the property count that sets the percentage. Its balance is then left out of the base that percentage applies to.
Do properties held in an LLC count toward the limit?
Not where you are not personally obligated on the mortgage. B2-2-03 counts only properties the borrower is personally obligated on. Fannie Mae's own example in that topic describes a borrower owning four two-unit investment properties, financed in the name of an LLC they half own. It concludes that those four are excluded and only two financed properties remain. The two are the second home under purchase and the financed principal residence. The underlying reason is B2-2-01, which limits agency borrowers to natural persons with narrow exceptions, so an entity-vested loan sits outside the system that does the counting. Vesting carries legal and tax consequences, so take that decision to your own attorney and accountant rather than deciding it on a lending page.
Is a blanket loan better than separate loans on each rental?
It depends on whether you expect to sell or refinance individual properties. Separate loans keep each door independent, so selling one touches nothing else. A blanket note consolidates the administration. Where the lender measures coverage in aggregate, it can also let stronger properties carry a weaker one. But selling one property out of the group requires a release clause that actually works, and a default reaches every property in it. If your holding plan is stable, the blanket structure is easier to live with. If it is not, the flexibility of separate notes is usually worth more than the convenience.
Are portfolio and blanket loans available on owner-occupied homes?
These structures are built for business-purpose lending against investment property, not for a home you live in. That distinction is not cosmetic. Under 12 CFR 1026.3(a)(1), an extension of credit primarily for a business, commercial or agricultural purpose is not subject to Regulation Z at all. That is why the disclosure package on an investment-property portfolio loan looks nothing like the one on a residence. Any loan secured by a property you occupy should be evaluated as consumer credit, with the protections that come with it.
The bottom line
Portfolio loans for rental properties are a structural answer to a counting problem. The counting problem is published and it is specific. Work it out before you decide you need a different structure. The ceiling arrives on a schedule most investors have not modelled, and the reserve step arrives one property before that. Work the count first. Then decide whether the group belongs on one note or several, and make that decision on your holding plan rather than on the convenience of a single payment.
Get the count, the tier and the aggregate in writing
One conversation gets you three things on paper. The financed-property count computed the way Selling Guide B2-2-03 computes it, including the properties you did not think counted. The reserve band that count places you in, with the aggregate balance the percentage actually applies to. And an honest read on whether your portfolio wants one note or several, based on what you plan to do with it. Current as of September 9, 2026.
Start your fast quoteAbout the reviewer
Across Valley West: The conventional side of this question has its own home on our conventional lending site. Read where the conventional route stops counting doors before you decide a portfolio structure is the answer. It is also worth knowing the reasons a portfolio file gets turned down while there is still time to fix them. Every property in a group needs its own policy with the lender named, and those are quoted by Valley West Insurance, our insurance agency.
Keep reading
- DSCR lending in Las Vegas, end to endThe money page this article feeds, and the right starting point if the product itself is new.
- Holding a Las Vegas rental in an entityThe paperwork behind the vesting decision that changes the property count.
- Five units and aboveWhere the ten-property rule stops reaching, and what replaces it.
- Turning your current home into the first rentalHow the house you live in becomes the property that starts the count.
Sources
- Fannie Mae Selling Guide B2-2-03, Multiple Financed Properties for the Same Borrower. The ten-property maximum, the inclusion and exclusion lists, and the worked counting examples quoted above.
- Fannie Mae Selling Guide B3-4.1-01, Minimum Reserve Requirements. The six-month base for investment property casefiles and the 2, 4 and 6 percent additional reserve bands, together with what the aggregate balance excludes.
- Fannie Mae Selling Guide B2-2-01, General Borrower Eligibility Requirements. The natural-person requirement and its exceptions.
- Fannie Mae Selling Guide B5-7-01, High LTV Refinance Loan and Borrower Eligibility. The topic B2-2-03 cross-references for its exemption, and the place Fannie records that acquisition of those loans is currently paused.
- Federal Housing Finance Agency, conforming loan limit values for 2026. The 832,750 dollar one-unit baseline announced 25 November 2025, and the county file from which the Clark County two, three and four-unit values are taken.
- 12 CFR 1026.3, Exempt transactions (eCFR). The business-purpose exemption at paragraph (a)(1) that places investment-property lending outside Regulation Z.
Article history
- September 9, 2026. Page first published. Every figure on it was pulled from its primary source on the day of publication. That means the B2-2-03 counting rules and worked examples, the B3-4.1-01 reserve bands and aggregate exclusions, and the B2-2-01 natural-person requirement. It also means the FHFA 2026 limit values, including the Clark County row from the county file, and the text of 12 CFR 1026.3(a)(1) read through the eCFR versioner.
- September 9, 2026. Reserve worked example recomputed by hand rather than carried from any prior page. The 697,050 dollar aggregate, the 27,882 dollar and 13,941 dollar results, and the 13,941 dollar step between the two bands were each calculated independently before publication.
- September 9, 2026. Three corrections applied before publication after an adversarial fact check. A claim that the FHFA county file diverges from the baseline on the two, three and four-unit rows was false and was replaced with what the file actually shows. A sentence made the Regulation Z business-purpose exemption the reason these loans sit outside the agency system. That was wrong on the mechanism, since Fannie Mae buys business-purpose investment-property loans routinely, so the causal claim was severed. And the high LTV refinance exemption, quoted accurately from B2-2-03, now carries the fact that acquisition of those loans is paused.
- September 9, 2026. Selling Guide revision dates read in US month and day order after checking the weekday. Fannie publishes Selling Guide updates on Wednesdays, and 11/05/2025 and 09/03/2025 fall on a Wednesday only when read as 5 November and 3 September. Read the other way round they land on Sundays, so the ambiguous pair was resolved by measurement rather than by assumption.
- September 9, 2026. Clark County conforming values taken from the FHFA county file itself, rather than from the headline one-unit figure. The file confirms Clark County sits on the baseline row at every unit count. Measured in that file: 3,075 of its 3,235 rows carry the identical baseline quartet. The 160 counties above baseline differ on all four unit counts. And no county anywhere matches the baseline at one unit while diverging above it.
Publication note
Last updated: September 9, 2026. This build read every guide section, statute and federal data file cited above live on that date, and recomputed every dollar figure by hand.
What this page refuses to do
It quotes no interest rate, no annual percentage rate and no payment amount. Pricing on these structures is set by the lender holding the loan, so any number here would be fiction by the time you read it. It names no lender other than our own. And it does not tell you a portfolio loan is the right answer, because on the arithmetic above it frequently is not.
Portfolio and blanket financing of rental property is business-purpose credit secured by non-owner-occupied investment real estate. As business-purpose credit it is exempt from Regulation Z under 12 CFR 1026.3(a)(1). Separately, and for reasons unrelated to Regulation Z, a multi-property blanket note does not meet Fannie Mae or Freddie Mac product parameters. They do not buy it. A conventional loan on a single rental is a different matter. That is business-purpose credit too, and Fannie Mae buys it routinely, which is why its selling guide governs the ceiling this page is about. Those guides are cited here for that ceiling and for the contrast they draw. Structures, release provisions, coverage tests, reserve requirements and availability are set by each lender and change without notice, so confirm them in writing with whoever is underwriting your file. This page is educational and is not legal, tax or investment advice; take entity vesting and title questions to your own attorney and your own tax adviser.
Valley West Mortgage is an independent mortgage lender, NMLS #65506, licensed in Nevada; verify current state authorization in NMLS Consumer Access. Equal Housing Opportunity. Valley West Mortgage is not affiliated with, endorsed by, or acting on behalf of the U.S. Department of Housing and Urban Development, the Federal Housing Finance Agency, the Consumer Financial Protection Bureau, Fannie Mae, Freddie Mac, or any other government agency or government-sponsored enterprise. Federal material is cited here only as published public law and public data. All dollar figures on this page are illustrative, and were chosen so the arithmetic can be verified. They are not quotes. They are not terms available to any applicant, not an offer of credit, not a preapproval and not a commitment to lend. No loan interest rate is quoted anywhere on this page.
