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

by bobjohnson9172800 from , California. Dec 4th 2018 Reply


Chris Neuswanger (mtnmortgageguy)
#93 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.

Dec 5th 2018
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Dave Skow (daveskow)
#1 ranked lender in Washington - 184 contributions

Bob - no it wouldn't be

Dec 5th 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,550 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

Dec 6th 2018
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Joe Metzler (JoeMetzler)
#2 ranked lender in Minnesota - 3,852 contributions

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

Dec 6th 2018
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