If my LLC owns habitable property, can I still use FHA?

[Kayla Davis]

Hello! I debated between posting this here and in Conventional Financing, so here's to hoping I picked the right forum!

I'm toying with the idea of purchasing a less expensive property outside of my local area for buy and hold purposes, and also toying with the idea of putting an LLC in possession of the property for legal protection and to reap the other known benefits of having an LLC...

However, I don't want to ruin my personal chances of getting an FHA loan for a more expensive home in my local area with little down as a first time homebuyer, and I wondered what the word was.

Do I still qualify for an FHA loan even if an LLC in my name is in possession of habitable property?