Quitclaim title transfers then FHA loan?

1 Reply

If I were to use quitclaim deeds to transfer the titles of a couple rentals I have to my LLC, could I then personally get an FHA loan? Or should I just refinance them under the LLC? If anyone has done something similar I'd appreciate any advice. Thanks in advance

Doesn't matter, @Jake Emfinger . Already owning property doesn't disqualify you from getting a FHA loan. You can't already have an existing FHA, though (only one at a time). BTW: it's always worth looking into what low-dow payment conventional loan products your local banks and CUs have. Less paperwork than FHA and you don't have to refi to get rid of PMI.

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