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Updated over 4 years ago,

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Yov Gav
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1
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Financing for LLC without personal income

Yov Gav
Posted

We are looking to buy a property (single family) in Cleavland, OH under an LLC that is owned by my wife. I have a stable income, however my wife currently has no income (in the past 3 years has been taking care of the kids). We both have 700+ credit score and 300K+ in our mutual accounts and the property is 130K, so I am wondering if we can get the financing this way or we have to do something else? How much LTV is possible in this case and what would be the interest rates?

Thanks !