I work for a portfolio lender as their point person for construction loans, and now I'm trying to grow the division.

No, it was secured but apparently he used the same collateral for every loan he took out. 

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

I also have two buy-and-hold rental properties and am passionate about exploring unique financing opportunities.Recently, I used a VA loan assumption to purchase an investment property at a 3.3% interest rate, which was instantly cash flow positive. 

Hi Paticia, Love to learn more about the loans you do

My assumption is that it still will be better to purchase in my name (better loan terms, ability to put 20% or less down, and I'm already pre-approved) and move to an LLC, but this seems like a steep cost of doing business.

@Armando Carrera as others said above that’s mortgage fraud and not at all what an FHA loan is for.

@Jose Solis you just need a loan for the land? 

Are you aiming to lower your monthly payment, shorten the loan term, or switch from an adjustable rate to a fixed rate?

The policy consideration behind the higher leveraged loans is to provide financing for individuals who have high earning potential and are at the start of their career where the earning potential has not yet materialized and perhaps are dealing with the added burden of student loans.