I purchased a home using private funds, completed rehab and want to refy (no cash out). I titled property in LLC. please advise

Hi Brian! That should not be a problem, but you "MAY" need to put the property in your name as an individual for a lender to provide financing to you. There should not be any Seasoning of Ownership issue to deal with, but don't change anything until you speak to a lender that you are planning on using for this refinance. Good Luck!

It is true about putting the property in your name prior to the loan application. There are some very specific rules for your situation. Call and we can discuss. Thanks, Curt Tiedeman, WA license NMLS 35554206.650.4202

to do this, you will need to transfer the title into your own name and out of the LLC, but it's not necessary to do this prior to applying.. The rules are very clear, so prior to changing title, you should consult with a local mortgage broker and let them look at the complete scenario so they can advise you properly. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com