We recently purchased a new home, but forgot to set it up before closing to go into our revocable trust. We have moved a property over to it before, but for the life of me I cant recall what steps we took to accomplish that. Is that something I can just contact the mortgage holder to assist with? This is in Texas if that matters.

Appreciate any help!

I am assuming this a conventional loan owned by Fannie or Freddie. You would just contact you servicer, as transferring into a revocable trust is allowable.

Allowable transfers of title Your relevant part is about in the middle of the page.

But, for others reading this, a transfer to an LLC is also allowable for non-owner properties as that question has come up recently and that info is on the same link.

Thank you Jay. How do I know if the loan is owned by Freddie/Fannie? It was a conventional loan that we placed 20% down on.

Appreciate the response!

Conventional means it is owned by Fannie/Freddie so you should be all good.

Thank you!

Since you brought up LLCs. We also have an LLC set up (doesn't really do much at the moment but the home is attached to the land the LLC was set up for). Would it make sense to put the home under the LLC instead of the trust?

assuming it is owner occupied you will not be able to do that.

Thank you! The land is currently under the Trust, and is raw land only so not occupied and currently under a land loan through Texas Farm Credit. Could that be rolled under a LLC?

That would be a question for Texas Farm Credit.

Jay, for clarity on one of your above points if I take out a conventional loan to buy a vacation home that I also VRBO (so not my primary residence) then I can transfer this into a LLC ?

Yes, you can as long as the members of the LLC are the same people obligated on the financing.

But, for others reading this, a transfer to an LLC is also allowable for non-owner properties as that question has come up recently and that info is on the same link.
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What is a non owner property?

ha. sorry, non-owner OCCUPIED or investment. I sometimes use the shorthand I would with my LO's or processors to borrowers and they are like what the F are you talking about. ha.