Rocket mortgage and rental LLC

[Kaushik Sarkar]

Hi,

we have around 6 single family home rentals with mortgage from Rocket mortgage. I recently spoke to my attorney regarding creating a LLC for my investment homes, since they are currently on my personal name.

My attorney asked me to check with Rocket mortgage if moving my loans to an LLC would trigger a due on sale clause.

Speaking to Rocket mortgage customer service, they told me that I need to first create the LLC and submit my origination documents. Rocket mortgage would then review my application and let me know if I am approved or denied for the LLC

it is a little weird, that i have to first pay and create the LLC s for my investment homes and them wait on Rocket mortgage for an approval.

Any suggestions on how to navigate the situation? Or any other ideas which i could look at

Regards,

Kaushik