Transfering 30yr fixed loan to LLC after closing

[Ben Miller]

What is the best way to transfer 30yr fixed loan to an LLC after closing without triggering due payment clause?

[Eric Veronica]

Fannie Mae conventional mortgages allow for the transfer to an LLC as long as the borrowers hold a majority ownership interest in the LLC. Below is a link to the Fannie Mae selling guide illustrating the allowable title transfers. Below that is a snip from the guideline addressing the LLC Transfer.

@Patrick Roberts mentioned that you need 12 months of ownership but I am not familiar with any type of seasoning unless something change recently.

https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...