First IRA Mortgage, Inc.

First IRA is a wholesale, commercial lending company, exclusively focused on non-recourse IRA mortgages.  We provide mortgage money to self-directed IRA trusts and retirement plans that need financing to buy investment real estate.   We do not provide loans for residential or owner-occupied properties.  We provide non-recourse loans to IRAs and 401ks that are owned by individual investors.  We do not deal directly with IRA or 401k account holders.

Financial Planners and Advisors are an integral part of a successful, self-directed, IRA real estate transaction.

Important Information for Financial Planners and Advisors

Prohibited Transactions Defined IRC 4975

What it is
- Improper use of an IRA by
- IRA account owner
- Beneficiary
- Any disqualified person

Who it involves
- IRA
- Disqualified person

Who is disqualified
- IRA account holder, spouse, ancestors, and lineal descendants
- Corporation, partnership, trust, or estate 50% or more of which is owned or controlled by another disqualified person
- The officers, directors, 10% or greater shareholders and partners, and
highly compensated employers of the above companies
- A fiduciary or person providing service to the IRA account

Prohibited Transactions Real Estate
- Property cannot be owned prior to IRA purchase by:
- IRA account owner
- Spouse
- Family members (ancestors or lineal descendents)
- Other disqualified persons
- Property cannot be lived in or leased by:
- IRA account owner
- Family members (ancestors or lineal descendents)
- Other disqualified persons
- Property cannot be:
- Leased by the investor’s business
- Business cannot be located in or on any part of the property
- Property must be for investment purposes only

Prohibited Transactions
- Sale, exchange, or leasing of any property between the IRA and a disqualified person
- Transfer to, or use by or for the benefit of, a disqualified person of the income or assets of the IRA
- An act by a disqualified fiduciary whereby he deals with the income or assets of the IRA in his own interest or for his own account
- Receipt of any consideration for his own personal account by any disqualified fiduciary for any party dealing with the plan in connection with a transaction involving the income or assets of the plan.
- Lending money between the IRA account and a disqualified person or entity
- Furnishing of goods, services, or facilities between a plan and a disqualified person

Channel Partner Professionals

Our Channel Partners benefit in many ways by becoming an approved affiliate.  If you or your company wish to to become a First IRA Channel Partner Professional or approved mortgage broker, please click contact us or click the sign up link to find out more about our Channel Partner program and its opportunities.