Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.
Sino U.
Can you recommend a good lender for house hacking please?
15 January 2025 | 6 replies
I can offer both conventional (Fannie Mae, Freddie Mac) and government (FHA, VA, USDA) options to help make it happen!
Nora Douglas
Looking to develop a short term rental Corporate/wellness retreat
12 January 2025 | 1 reply
it will be a corporate/wellness retreat/short term rental destinationI need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.Is Columbus a good market for this strategy?
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Typically, conventional loans backed by Fannie Mae or Freddie Mac are eligible, while government-backed loans like FHA or VA loans often are not.
Polat Caglayan
Detroit or Cleveland?
17 January 2025 | 27 replies
Quote from @Jerry Maliszewski: According to Fannie Mae, 10 million people will be moving to the midwest by 2030 all seeking smaller downtowns.
Account Closed
Non QM lending
9 January 2025 | 7 replies
I would recommend considering conventional financing until you reach Fannie Mae's limit of 10 properties, then consider either a portfolio loan, and start your race to 10 again, or look at DSCR at that time.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
Many banks securitize their loans (bundle them together) and sell the loans to Fannie Mae or Freddie Mac, while continuing to service the loans, that is collect your payment.
Kelly Mae
Fourplex addition in Ontario Canada
3 January 2025 | 2 replies
Quote from @Kelly Mae: I am considering building up on my fourplex. 2 additional units.
Jerryian Francois
CA N I US E A 203 K To Fund A Rehab In
31 December 2024 | 6 replies
Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!
Cristal Ochoa
PennyMac Loan Transfer to LLC
7 January 2025 | 5 replies
I found this article that allows Fannie Mae and Freddie Mac loans to move the loan to an LLC: https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Pa...as long as I am the majority owner in the LLC.