Go Back To Search Results Question How many mortgage loans can a person have at one time? Is the sky the limit or is there certain amount one person can have? I want to buy a house...live there for a couple of years, move, rent that, then buy a bigger, better house later. By Where's my scooby snack? Posted on 03/17/10 Total Answers 3 Answers- As many as their income and assets can afford. Personally, I have 4 right now. Your plan is certainly possible, as long as you can afford each and every mortgage without needing support from renters or flipping. Answer by : Simpson G On Date 2010-03-17 23:07:38 It used to be whatever you could afford, I am way over the limit now. However, with the present credit situation obtaining 4 is not a problem, but getting a 5th one is almost impossible. Answer by : Janet P On Date 2010-03-18 07:46:23 A loan officer from Wells Fargo told me yesterday that they are only allowing new borrowers to have a total of four outstanding mortgages, from any lender. This may change back as lenders become more lenient again. If you have property that you own and are renting out, your best bet is to get those loans paid off as soon as possible anyway - that way you'll eventually have true income from your income property! Answer by : dog ma On Date 2010-03-18 08:01:34   Go Back To Search Results