Financing a LLC rental property purchase

[Karthik Natarajan]

My lender mentioned that he can do a home mortgage only on my personal name and not on the LLC name. The deed had to be in my name. Once the purchase was complete he asked me to change the deed name to LLC.

Is this the norm and common practice if someone is looking to finance a rental property purchase?

[Robin Simon]

Quote from @Karthik Natarajan:

My lender mentioned that he can do a home mortgage only on my personal name and not on the LLC name. The deed had to be in my name. Once the purchase was complete he asked me to change the deed name to LLC.

Is this the norm and common practice if someone is looking to finance a rental property purchase?

Not really - somewhat sketchy for a lender to advise you to do a loan personally then change after the fact. This is a key difference between "conventional" and "DSCR" loans, want to make sure your lender is not advising something shady like pretending that its a home not a rental property to qualify and close the loan which sounds like a possibility based on how you worded the above