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Updated about 2 years ago,

User Stats

265
Posts
91
Votes
Joshuam R.
  • Specialist
  • Florida
91
Votes |
265
Posts

TRUE OR FALSE - Fannie Freddie

Joshuam R.
  • Specialist
  • Florida
Posted

"....If you buy a property and transfer ownership to your LLC, you might have some issues when you go to refinance. Fannie and Freddie will only buy or guarantee loans that are issued to a person, not a business entity. This means, residential lenders, who offer the most attractive rates won't refinance a property that is held by an LLC...."

Is that statement still true if the owner transfers the property to their own Single Member LLC, will lenders consider refinancing for such?

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