There's a lot going on there.. To obtain a conventional conforming loan, the zoning would have to change.. MI is light commercial, and you won't get home financing unless you get it changed.. That is not an easy process for most places.. The fact that you live there has little to do with how a property is zoned... Your best bet is commercial financing.. for that you need to go to www.scotsmanguide.com I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.comJul 16th 2012
Although you have M1, if there are other financed properties like this home within this zoned area for the appraiser to use as comps and if the zoning authority would allow for a rebuild of a home in the event of the home's destruction, then you should be able to find a lender willing to do this loan. Comparables and overall street placement will be the key. Find a good local lender and have them research these questions first.Jul 16th 2012
Gary has the right idea, We just did a refinance like this in Riverside CA. Contact me at 800 315 8803. My name is Bart and I have been in the mortgage business for 25 years. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. I lend nationwide.Bart Gabewww.bartprequalifies.com 800 315 firstname.lastname@example.org - best email@example.com - bank email NMLS# 20743 - my licensing information http://www.nmlsconsumeraccess.org/ - link to look up my license numberJul 17th 2012
Didn't find the answer you wanted? Ask one of your own.
Ask our community a question.