No Due on Sale for Fannie Loans to LLC?

[Michael Myers]

Hi Lending Specialists! I was talking with a lender today and he was under the impression that loans processed through Fannie Mae’s Desktop Underwriter (DU) would not be subject to the dreaded due on sale clause if the mortgagee were to deed the property into an LLC or trust. Does his statement hold water? Are there any other details he didn't mention that I should know about?

Thanks!