Updated almost 7 years ago on . Most recent reply
LLC for a FHA loan?
I guess I'm not fully aware of the rules and regulations for a fha loan. In my defense I'm still a REI newbie. It's a process and I'm still learning. Can someone please dumb it down for me please? Can a LLC get a fha loan? What's the monetary limitations to it? What's the length of time does it have to be owner occupied? While it's owner occupied, I guess it has to be a primary address correct?
These are just a few questions that I have come across since reading up on it. I asked about the LLC getting the loan because I'm currently living in my own home with my family of 4 using a conventional loan.