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Updated about 6 years ago,
My LLC owns home; Can I still buy with FHA?
I'm working on buying two homes as investments and I am planning to have my LLC be the buyer/owner. At the same time, I just reached out to a local credit union about buying my first home under an FHA loan. As it stands, the two homes to be bought under my LLC will close before I buy a house under my own name, with an FHA loan.
Since I'll be going for a FHA loan as a first time home buyer, am I disqualifying myself from that program if my LLC buys these two investment properties first? I am the registered owner of my LLC, so does it matter to the FHA if my LLC already owns homes?