20 yr mortgage w/ locked rate for 5 yrs standard under an LLC?

[Michael Gonzales]

I recently set up an LLC for RI. I am purchasing my first SFH on an 80/20 credit line that also covers the rehab. I'm hoping to brrr it out. I'm buying it for 70k and the banks internal appraisal was 98k. My lender will give me a traditional mortgage once I rent it out. They will only finance for 20 years and the rate is only locked for 5 since I am a business. Is this pretty standard? Do I have any other options?

Thanks in advance for any thoughts.