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Updated almost 12 years ago on . Most recent reply

Account Closed
  • Cherry Hill, NJ
2
Votes |
23
Posts

Fannie Mae Home Path Loan

Account Closed
  • Cherry Hill, NJ
Posted

Hello BiggerPockets Community,

Quick question for the loan experts.

I found a great house to flip in NJ that is a Fannie Mae Homepath home. I called Fannie Mae, as an investor you can put down 10% with no mortgage insurance. I am 100% positive and there is no mortgage insurance.

That said, I called PNC and Wells Fargo and they said I could only receive the loan with 10% down under my personal name not my LLC (have a partner).

There are other lenders in NJ they participate in Fannie Mae loans so I can call them all individually but I wanted to ask anyone in the community if they received a fannie mae investor loan 10% down under an LLC?

Thanks in advance for your time.

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