Financing Available For your LLC

[Tony Salazar]

Well maybe not. I just noticed Homepath.com is stating this under their financing

http://www.homepath.com/financing.html

HomePath financing, available only on Fannie Mae-owned properties, offers great benefits — low down payment, no mortgage insurance, expanded seller contributions, and more. HomePath Mortgage is available for move-in ready properties for both owner occupants and investors — a limited number of HomePath lenders also now offer HomePath Mortgage for the LLC borrower

Can We get some feedback on this.

[Albert Hasson]

I spoke with a loan officer from Prospect Mortgage a few days ago. They will finance up to 20 properties per borrower which is a new guideline for them (it was 10). These are full documentation 30% down loans. I think they can do 10% down for the first 4 properties. They can loan to a LLC but the LLC must have income, reserves, etc. it cannot just be a shell in which properties are placed. Hope this helps.