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Updated about 2 hours ago on . Most recent reply

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Jithendra Palasagaram
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Mortgage on new construction town home

Jithendra Palasagaram
Posted

Hello

New member here. We are looking to buy a $350K town home in Atlanta Metro. We would like to put or LLC name on the title. Builder said we can do it post closing. Is it easier to do it post closing? Would there be any fees and would it cause issues with lender? Pros and Cons to doing this?

Thank you.

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Upen Patel
  • Lender
  • Nationwide Lender
810
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1,875
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Upen Patel
  • Lender
  • Nationwide Lender
Replied

@Jithendra Palasagaram Is this a primary residence purchase OR an investment? If it is a primary it has to be in your personal name, you can't put it in an LLC. As an investment, you can certainly buy it directly in LLC name.

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Upen Patel - Novus Home Mortgage
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