How to get a loan within an LLC?

[Julie Flynn]

Hi! My husband and I are looking to make our first investment purchase-a modest house for long term rental. Now that Fannie Mae and Freddie Mac no longer allow a mortgage on a purchase within an LLC, how can we get a conventional loan? Or is a commercial lender our only option? We are quite concerned with shielding ourselves from liability, and we read that if we purchase a property in our name and then transfer it to an LLC, a judge or court could come after us because they look back 2 years at all people/entitites to see who to sue. We are looking at purchasing in OKC.