Can An Irrevocable Trust Buy A House -

: The trustee is responsible for paying property taxes, insurance, and maintenance using trust funds. Financing Hurdles: Getting a Mortgage

When an irrevocable trust buys a house, it acts as a separate legal entity. You are no longer the buyer; the trust is. can an irrevocable trust buy a house

: If you find a lender, expect higher down payment requirements (often 30–35%), more documentation, and potentially a personal guarantee from the grantor or trustee. : The trustee is responsible for paying property