Does FNMA HomeStyle Loan Accept an LLC when purchased?

Question

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

Thanks

Upen Patel · Answer

@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.

Jeff Dulla · Answer

@Alex Meneses None that I have ever heard of. There is a reason for that.

Jeff Dulla · Answer

@Alex Meneses I don’t know of a conforming loan that will allow you to close in LLC whatsoever.

Does FNMA HomeStyle Loan Accept an LLC when purchased?

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