Being a lender to your spouse or spouse's LLC

[Amanda Davenport]

Hello! My husband currently has a home that is financed with an FHA loan and requires PMI and I currently have the cash to finance the mortgage. I have been looking for investment opportunities and just thought why not lend to my husband. Is that legal? We are wanting to transfer the home to an LLC as well if that makes a difference. Is there a reason I wouldn't want to do this that I am missing?

Thanks in advance for any advice!