Hello Mike,

I am an ex tax professional.

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty

As I started and ended my previous thread, Jenn, it's probably best to consult a tax professional.

Hello Jenn:

Unless the entity purchasing the home is, itself, a legal entity such as a C, S or LLC corporation (an LLC is, in fact, a corporation--limited liability corporation), you will be unable to purchase a home in your name using just your Federal EIN. Keep in mind that most EINs or Employment Identification Numbers are "tied" to someone's actual social security number, so if you offer an EIN as the identity of the purchaser, the information will be run, first, for the corporation and if there is none, then for the individual with whom the EIN is tied. If you are not the same person whose SSN is attached to the EIN, it would definitely raise a red flag for any bank.

If you wish to purchase the home for yourself, rather than as the asset of a corporation, it's best to use your own social security number in buying the property.

Good luck!
Grace Morioka, SRES, e-Pro
Area Pro Realty

Probably a question best suited for a tax attorney, Jenn, but, as an opinion only, yes. Corporations, both C & S, as well as LLC's purchase property with only a tax ID, so you should be able to as well. Please call a pro to be sure.

Hi Jenn: The answer is probably NO.....but never say never. It depends on some variable issues. The stated income loans are all but a thing of the past. If you have a business, show income and have the credit score along with the down payment for the type of loan you are attempting you should be fine. Check with a local lender. Many time where you have your current accounts will be the best place to start. Compare loans, interest rates and origination fees. These can be very different depending on the lender. Hope this helps you. I have place a link to offer you additional information.

Very unlikely. Lenders want to know who they're lending to, and they want a recourse loan. Almost none will lend money to an individual if all that's being provided is the tax ID for an LLC or corporation.