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Isa townhome considered a multi-family dwelling for a home equity loan?

by bobjohnson9172800 from , California. 10 days ago Reply


Chris Neuswanger (mtnmortgageguy)
#3 ranked lender in Colorado - 92 contributions

If a townhome contains more than one swelling unit (which generally means two kitchens and a separate entrance for the second unit) then it could be, but generally it would be looked at as a single family attached home.

9 days ago
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Dave Skow (daveskow)
#1 ranked lender in Washington - 173 contributions

Bob - no it wouldn't be

9 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,486 contributions

Multi family dwellings are two or more living units on one parcel... Townhouses are typically considered the same as a single family home. If the townhouse you are buying shares a common wall with another unit, but you're only buying one half.. then it's not a problem. I'm a preferred Lender with California and Arizona being my primary markets. 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.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

8 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,817 contributions

No... A standard town home is a single family property that shares common walls and spaces.

8 days ago
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