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21
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Alex Meneses
  • Investor
  • Piscataway, NJ
3
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21
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Does FNMA HomeStyle Loan Accept an LLC when purchased?

Alex Meneses
  • Investor
  • Piscataway, NJ
Posted

Hi, can someone point me where I can find information on Fannie Mae HomeStyle Loan accepting and LLC when being purchased?

Thanks

Most Popular Reply

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1,884
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Upen Patel
  • Lender
  • Nationwide Lender
814
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1,884
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Upen Patel
  • Lender
  • Nationwide Lender
Replied

@Alex Meneses Conventional loans - Fannie, Freddie, FHA, VA, USDA, are for living breathing individuals with a pulse. LLC doesn't meet that requirement. So, at no point will you be able to get a conventional loan with title in LLC.

If you want a loan with title in LLC, then you will have to bite the bullet and get a portfolio loan.

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