Obtaining New Purchase Fixed-Rate Mortgages under LLC

Milwaukee, Wisconsin
Buying & Selling Real Estate
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Obtaining New Purchase Fixed-Rate Mortgages under LLC

Jeffrey Moser-Kuehl
Milwaukee, WI · Member since 2026 · 3 posts · 1 vote

Here in the Milwaukee area I am having difficultly finding a lender that would actually write a mortgage or Home Equity under an LLC (a fixed-rate 30-year).

There are lenders that have ARM 30yr amortized options; I don't find that option comforting.

For the workaround to have the property be in an LLC, but have a fixed mortgage, is having Title be in the individual's name, and then post-closing transfer into LLC.

How have others handled this the recent history?

I've heard from one individual that various lenders are enforcing more terms on their agreements, and that Title transfer checks/enforcement might be expected...

I have reached out to PNC Bank, The Equitable Bank, Five Nine Bank, Summit Credit Union, and it is the same story, no LLCs.  However, PNC Bank did say they do not sell their loans, which I think would be more favorable in avoiding problems...  

Disclaimer: For a personal property, I have done a quit-claim deed from an individual who had a mortgage to myself and then paid their mortgage, however this was for only a few years not 30yrs, and with a smallish credit union.

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Alioune Camara
Realtor · OH · Member since 2026 · 122 posts · 77 votes
7mo

@Jeffrey Moser-Kuehl — this is a common issue. Most traditional lenders won't give a 30-year fixed mortgage directly to an LLC because they consider it higher risk. The standard workaround is exactly what you mentioned: get the mortgage in your personal name, close the loan, then transfer title to the LLC via a quitclaim deed.

A few specifics to protect yourself:

1. Check the lender’s “due-on-sale” clause—some lenders can call the loan if you transfer title, though many allow transfers to single-member LLCs without triggering it. PNC not selling their loans helps here.

2. Use a single-member LLC to simplify lender compliance; multi-member LLCs are more likely to raise flags.

3. Update insurance immediately after the transfer so the LLC is named on the policy.

4. Document everything—keep the quitclaim deed and correspondence confirming lender acknowledgment in case of future questions.

This approach preserves your ability to get a 30-year fixed rate while still getting the liability shield from your LLC.

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  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    7mo

    Did you try the mortgage brokers--Zach Starnes or Eric Wennerstrand/John Haydin? 

    Captain Save-A-Home LLC
    WebsiteView Page
    0Reply
  • Jeffrey Moser-Kuehl
    OP
    Milwaukee, WI · Member since 2026 · 3 posts · 1 vote
    7mo

    I didn’t know about them. I’ll give Eric Wennerstrand a ring see what he can bring.

    Thank you Very Much

    0Reply
  • Alioune Camara
    Realtor · OH · Member since 2026 · 122 posts · 77 votes
    7mo

    @Jeffrey Moser-Kuehl — this is a common issue. Most traditional lenders won't give a 30-year fixed mortgage directly to an LLC because they consider it higher risk. The standard workaround is exactly what you mentioned: get the mortgage in your personal name, close the loan, then transfer title to the LLC via a quitclaim deed.

    A few specifics to protect yourself:

    1. Check the lender’s “due-on-sale” clause—some lenders can call the loan if you transfer title, though many allow transfers to single-member LLCs without triggering it. PNC not selling their loans helps here.

    2. Use a single-member LLC to simplify lender compliance; multi-member LLCs are more likely to raise flags.

    3. Update insurance immediately after the transfer so the LLC is named on the policy.

    4. Document everything—keep the quitclaim deed and correspondence confirming lender acknowledgment in case of future questions.

    This approach preserves your ability to get a 30-year fixed rate while still getting the liability shield from your LLC.

    1Reply
  • Jen Mier
    Member since 2025 · 2 posts · 0 votes
    7mo

    I have 2 rental homes in Milwaukee and same issue. We used Summit Credit Union as well. Once you have 4 + units then you can move to their commercial lending department and then possible to title to the LLC I believe. Only other option was to do what you had explained. That comes with additional fees to do so.

    0Reply
  • Cayden Standlee
    Real Estate Agent · Milwaukee · Member since 2022 · 57 posts · 25 votes
    6mo

    Not sure if you have thought about a DSCR Loan? You can have a 30 year fixed mortgage under an LLC from day one. The rate may be higher, but this is always an option. Let me know your thoughts!

    0Reply
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