Mortgage Glossary
Blanket Mortgage
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A blanket mortgage is a single loan that covers multiple properties under one financing arrangement.
What Blanket Mortgage means
Investors and developers use blanket loans to finance several parcels at once and avoid separate closings. A release clause lets individual properties be sold off without paying the entire loan. It simplifies portfolio financing.
Florida example
A Florida investor financed four rental homes under one blanket mortgage, using the release clause to sell one property later without disturbing the loan on the other three.
Related program: Learn more →
Related Mortgage Terms
Still have questions?
Talk to a licensed Florida mortgage broker — no cost, no obligation.