Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago, 05/20/2014
Fannie Mae Home Path Loan
Hello BiggerPockets Community,
Quick question for the loan experts.
I found a great house to flip in NJ that is a Fannie Mae Homepath home. I called Fannie Mae, as an investor you can put down 10% with no mortgage insurance. I am 100% positive and there is no mortgage insurance.
That said, I called PNC and Wells Fargo and they said I could only receive the loan with 10% down under my personal name not my LLC (have a partner).
There are other lenders in NJ they participate in Fannie Mae loans so I can call them all individually but I wanted to ask anyone in the community if they received a fannie mae investor loan 10% down under an LLC?
Thanks in advance for your time.