Your Trust Can Hold The Title.
Financing a home held in an inter vivos revocable trust is permitted, with the right documentation.
Estate planning and a mortgage can coexist
An inter vivos revocable trust is an acceptable way to hold title.
- Title may be held in an inter vivos revocable trust, commonly called a living trust.
- The trust must meet the eligibility and documentation requirements of the program.
- Agency and applicable state requirements both apply to the trust document.
- The trust is reviewed as part of the file rather than after closing.
- This is a matter of how title is held, not a separate loan product.
- Your existing loan options are generally still available when a trust holds title.
Inter vivos revocable trusts
Title held by the trust
Agency requirements apply
State requirements apply
Trust reviewed with the file
Not a separate loan product
What does the Saxton living trust process involve?
Financing a property where a revocable trust holds title.
A living trust, known more formally as an inter vivos revocable trust, is a common estate planning tool. It lets property pass to your heirs without going through probate, and it is something a lot of homeowners set up on the advice of an attorney. The question that follows is whether a lender will finance a home the trust holds.
The answer is generally yes. Holding title in an inter vivos revocable trust is permitted, provided the trust meets the eligibility and documentation requirements that apply. This is not a separate mortgage product. It is a question of how title is held, and your usual loan options are generally still on the table.
What it does add is a document review. The trust has to satisfy agency requirements and the requirements of the state the property sits in. Getting the trust document to us early is the single most useful thing you can do, because it is reviewed as part of the file rather than sorted out at the closing table.
Why bring your trust to Saxton?
For homeowners who have done the estate planning and do not want to unwind it to get a mortgage.
You Do Not Have To Undo It
Plenty of people are told to take the property out of their trust to refinance. Holding title in a revocable trust is permitted, so that is often unnecessary.
Same Products Available
This is about vesting rather than a different loan. The programs you would otherwise qualify for are generally still available.
Reviewed Before Closing
The trust is looked at as part of the file. Finding a problem in week one is a very different experience from finding it the day before closing.
State Rules Matter
Trust requirements are not uniform across states. We check the rules that apply where the property is, not a generic checklist.
Send Us The Document Early
The trust document is the long pole here. The sooner we have it, the smoother the rest of the file runs.
Lending Rules, Not Legal Advice
We can tell you what the lending guidelines require of your trust. What the trust itself should say is a conversation for your attorney.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing a home held in a living trust.
Generally yes. An inter vivos revocable trust is an acceptable way to hold title, provided the trust satisfies the eligibility and documentation requirements that apply.
Usually not. That advice gets handed out often, but holding title in a revocable trust is permitted, so removing the property is frequently unnecessary.
It is the formal name for what most people call a living trust. It is created during your lifetime and can be changed or revoked by you.
The trust document itself, so it can be reviewed against agency and state requirements. Sending it early is the most useful thing you can do.
Generally no. This is about how title is held rather than a different mortgage product, so your usual options are still in play.
That is a different structure and the treatment is not the same. Tell us which kind of trust you have and we will give you a straight answer for your situation.
Yes. Trust requirements vary by state, and the rules that apply are those of the state where the property is located.
Find out what you qualify for
If a living trust holds your title, you probably do not need to unwind it. Send us the trust document and we will review it.
Get Pre-Qualified*Loan amounts, rates, terms, and eligibility are subject to credit approval, income and asset verification, and program guidelines. Title held in an inter vivos revocable trust is permitted where the trust satisfies applicable agency, investor and state requirements. Trust documentation is subject to review. This is not legal or estate planning advice. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.