loan rates for LLC home mortgage

You cannot get a conforming conventional mortgage in an LLC.. You must first obtain the mortgage in your own name and after closing, it can be deed to the LLC.. (this could trigger a Due On Sale clause, so you might have to prove to the lender that you own the LLC) if this isn't something you want to do, then the only other way would be to use Hard Money lenders who allow LLC's to finance in the company name.. 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. 480-287-5714 WilliamAcres.com

The above answers stating that it cannot be done are incorrect. There ARE lenders that will make mortgage loans to LLC's for home loans with the following requirements.-The LLC is authorized to borrow money and to purchase, construct or encumber realproperty.-There is no risk of impairment of the lender's right to repayment.-All members of the LLC must sign all documents on behalf of the LLC or aresolution appointing an Operating Manager stating the Operating Manager's powersmust be signed by all members of the LLC.-The title insurance policy must not list any exceptions.-Copy of the Certificate of Formation and Operating Agreement is required.-The loan maturity date must not exceed the date of the expiration of the LLC.- Title Company to review and approve Certificate of Formation and OperatingAgreement.- Signatories on legal documents to be determined by bank attorney and TitleCompany.- An endorsement from the title company will be required indicating who is authorizedto sign on behalf of the LLC.- The Note is executed by the applicant(s) individually and by the members on behalfof the LLC.-The Deed of Trust/Mortgage is executed by the applicant(s) individually if utilizingproperty as a primary residence [NJ Only] and by the members on behalf of the LLC.- At least one borrower signing the Note as an individual must be one of the membersof the LLC.- LLC TIN/EIN [Tax ID Number or Employer ID Number] is required.- Hazard Insurance must name LLC as insured.Where is the property and what program are you looking for?

How many owners does the LLC have?

By the way... investor financing in an individual's name is allowed under Fannie/Freddie, but the rates are higher than owner occupied loans.. Hard money loans can vary, but will be significantly higher.. in some instances, double the rate for what's available conventionally... And also note that no competent loan officer would just throughout an interest rate on an internet post, without looking at the borrowers complete profile, but I bet some will anyway.. 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. 480-287-5714 WilliamAcres.com