Fannie' Delayed Financing to refi w/ quitclaim to LLC
Have anyone done the following: Buy property with cash, refi through the delayed financing program (Fannie's) with followed quitclaim to LLC?
The reason I am asking is because the "Due on Sale Cl" is a notorious thing to discuss. BUT I was just offered exactly this scenario by an LO and was curious because he did that openly and upfront (I have an email from him saying this). That surprised me so I researched further and came across this =>> https://www.fanniemae.com/content/guide/servicing/d1/4.1/02.html
So, does that (LO's suggestion + this allowable exemption) mean that some lenders see quitclaim to LLC a legit thing to do now?
P.S. I will be sure to ask the LO on Monday as well