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Would I be able to purchase a home / get a loan in my business name?

Would I be able to purchase a home / get a loan in my business name? by sammie_852_423 from Oakland, California. Feb 8th 2012 Reply


Jay Patel (jaypatel)
#570 ranked lender in California - 5 contributions

I am sorry to say this market is very tight so I am afraid that wont be possible with a residential loan. Generally Business loans fall into the Commercial category loans. I hope that helps.

Feb 8th 2012
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Shaun batin (loanleaders)
#568 ranked lender in California - 8 contributions

You have to be approved and sign personaly. After your loan closes you can Quit Claim the property into your companies name.Shaun BatinLoanleaders of America, Inc.949-269-7159 direct888-834-1988 ext 159888-386-3146 faxshaunb@loanleaders.com

Feb 8th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

This is a very broad question and the responses could be many... Home Loans and business loans are 2 different things.. If you're purchasing a home, then do you intend to use it as a business or live in it?? if you purchase a home and intend to use it as a business, then you have to purchase it as an "Investment" property. Minimum 20% down, you would have to purchase it in your name, and after it closes you can transfer the title to your company. But to be able to answer your question properly, we would need to know what your intentions are with the property... WilliamAcres.com

Feb 9th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

Usually not allowed, especially now a days. To transfer to a business name after the close is a violation of the documents you just signed. Be very careful and seek an attorney's advise before quit claiming. If it were ok to do at anytime then the lender would allow it at the closing table

Feb 9th 2012
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VINCE GARDEN (globalprivatelenders)
#36 ranked lender in Kansas - 3 contributions

Yes you could get both all you have to do now is contact the experts at Home loans now at: globalprivatelenders@gmail.com

Feb 9th 2012
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