FHA loan with an LLC

[Chase Jacques-Maynes]

Hi BP! 

I am 17, preparing to buy my first house-hack after my birthday, and am seeking some help with my strategy. I want to get an LLC structure set up to protect myself and keep my privacy as I scale my portfolio. I also want to qualify for the FHA loan. Will I be able to qualify for the FHA loan if my LLC owns the property? This would be a house-hack so I will be living in it for a year, like required, but I'm wondering if the LLC privacy will prevent lenders from seeing me as qualifying (whereas if I had it in my name I know I would qualify for that lovely 3.5% down!)

[Adam Bartling]

No. FHA Loan is in your name, Insurance protects you and not being a slumlord and fixing safety issues. No need to overly think you are going to be a lawsuit magnet. Got a lender?

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