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As some of you may be aware that Fannie Mae made a change early in the year in 2017 that the individual must be on title for 6 months even if the property in the LLC is owned by the individual. Fannie Mae has now made the change back to allow an individual who is an owner of a property in a LLC to do a Cash Out and transfer title to the individual at the table. So that being said no waiting period for a borrower who owns a property in LLC for Cash Out to the individual.

If the scenarios mentioned above had ever stopped you from getting a loan than you need to contact us so we can get the financing done for you, we are always on top of our guidelines helping borrowers get the proper mortgage financing they deserve.

Contact us today for a FREE consultation at 800-535-0270 or email us here.

Happy New Year!!!!

MortgageDepot Team