TRUE OR FALSE - Fannie Freddie

[Joshuam R.]

"....If you buy a property and transfer ownership to your LLC, you might have some issues when you go to refinance. Fannie and Freddie will only buy or guarantee loans that are issued to a person, not a business entity. This means, residential lenders, who offer the most attractive rates won't refinance a property that is held by an LLC...."

Is that statement still true if the owner transfers the property to their own Single Member LLC, will lenders consider refinancing for such?

[Dominick Johnson]

True. 

The work around is to quit claim deed the title back to your personal name, refinance, then quit claim to the LLC. I'm not suggesting you do that, I'm not an attorney or CPA, use your own risk tolerance.