Do I need an LLC when househacking?

[Cassie Corbett]

I just put an offer on my first multifamily property in Atlanta! It's a triplex and I plan to live in one of the units. I have been researching multifamily for a few years and planned to create a LLC. I have asked two mortgage brokers and they want me to close in my name then transfer it to the LLC. I think that will end up costing me more, right? Also if I have the LLC will I not be able to get a homestead exemption even though it's my primary residence?