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Updated over 5 years ago on .

User Stats

22
Posts
9
Votes
John Daniels
9
Votes |
22
Posts

Working with Community Banks(for LLC)

John Daniels
Posted

I have never used a community bank, so I was wondering what they mean by community for someone getting a loan, ie do I have to live in geographic area of the bank is or where the property is being financed? I currently live in CA and will be buying out of state( TBD). Do I seek a loan at a community bank where I live or where the house is or does it matter at all?

Is there a list of community banks that people use for either a mortgage within an LLC or maybe transfer a property into an LLC from traditional mortgage?

Regards