Can you buy or refinance a property where the title is held by an LLC? For home financing purposes, you will need to transfer the ownership of the property to a person in order to buy or refinance the home. Once you close on the property as an individual, there are ways to transfer the ownership to an LLC. Comment below and I will send you a fact sheet on LLCs and Home Financing!
Related Article Title: Guidelines on LLC Property Purchases Question: Can a borrower purchase and hold title through an LLC? NEW MTP™ LLC Ownership & Home Financing Answer: Fannie and Freddie only allow a borrower to take title (or borrow money) as an individual or as a revocable trust. Fannie and Freddie do not allow loans […]