No Non-Recourse Loans in Arizona

I just found out that North American Savings Bank, the premiere provider of non recourse loans for buying properties with your self-directed IRA, has suspended loans in Arizona until further notice. That means you can live in Arizona and buy a property in another state but NASB won’t finance a property in Arizona.

That stinks. Especially since NASB is pretty much the only game in town when it comes to non recourse loans for your self-directed IRA.

I did a little research to see if there are any other non-recourse lenders that have popped up out there and I found First Western Federal – but I have not used them personally and can’t vouch for them.

If you have a friend, spouse or partner with an IRA you can partner up SDIRA’s to invest or if you have free trading stocks (not in your IRA) you can get a stock loan and use that cash to invest with your SDIRA.