In the past I have tried the "small bank" approach with my SFH refinances, only to end up having the bank pit me through the same conforming loan b.s where they quickly sell off the loan to Freedom Mortgage or some other scumbag giant Corp.  

Of course, fear sells, no one buys good news.What We Are SeeingBelow is 13 month trailing statistics on all single family properties that conform to our property profile.

A standard conforming residential loan can be used if you are going to be occupying the property to get a higher LTV. 

The conforming loan limit in SD is now up to $879,750. 

The issue with using a legal entity such as a LLC is you aren't eligible for conforming loans.Consult a professional, but why can't you take the personal loan, then capitalize/contribute the funds to the LLC?  

Oh, there are probably a couple of other good reasons, that have to do with conforming to FNMA/HUD guidelines and all that, but the scape goat reason trumps all others.

@David Beard Fannie Mae is the government entity which takes up to 10 financed properties its per social though so if you're planning on a lot of residential properties you could potentially structure 10 for yourself and 10 for your wife.The lenders from Prime that I know of can do 5-10 financed properties as well but I believe they have more overlays on their guidelines with regards to the borrower they will take as well so I would check out some local references to make sure they conform to your particular goals.

( If it's anything like the states, your plan then has to conform to the laws of each subsidiary that you use. 

The Safe Act also places restrictions and requirements on seller financing.As @Bill Gulley suggested, find a licensed RMLO and let them shoulder the burden of conformity, instead of finding work-arounds.

With proper planning and conformity with the existing safe harbors, taxpayers can even enjoy tax-free exchanges between related entities.E.