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Updated about 4 years ago,
First Time Investor Getting Loan in an LLC
Looking to buy my first investment, a small cash flowing SFR. I want to put it in an LLC but my banker (from a large national bank) told me that they don't allow LLC vesting for confirming loans since Fannie/Freddie will own it. They would do a Jumbo loan in this situation. Anyone else experience this?
I own my own home, have good income/debt ratio. Great credit.