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Updated about 5 years ago on . Most recent reply

User Stats

149
Posts
41
Votes
Nicole Wood
  • Investor
  • Bath, NY
41
Votes |
149
Posts

Would this home be considered residential rather than commercial?

Nicole Wood
  • Investor
  • Bath, NY
Posted

I found a home for 170k that is a triplex. It also has a single family home on the property so technically there are four units. However, does it make a difference if the single family is not attached to the triplex? I am trying to figure out if conventional or FHA would work for that property or if a commercial loan would be needed? I plan to call a lender and ask Monday but figured I would reach out here just to see if anyone knows.

Thank you!

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