Fannie Mae & LLC's New Exemption

[Peter Faulkner]

Hello Everyone,

I have a house under contract and was reviewing best practices for LLC's and conventional financing. My mortgage broker shared this information with me and I thought I would share:

http://workshopmortgage.com/blog/blog/2018/04/26/fannie-mae-an-llc-now-real-estate-investors-can-have-both/

Actual guidance from Fannie:

https://www.fanniemae.com/content/guide/servicing/d1/4.1/02.html

P.S. Super excited about my deal. It's my second deal. Been looking for almost a year now for something attractive, have been super conservative, and believe I've got a good one now. Happy to share more deets if interested.

Peter