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Updated over 5 years ago on . Most recent reply
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Would 2 Structures on 1 Lot be qualified as a MFH?
Hey everyone -
I came across a listing I'm interested in purchasing, but I'm curious if the listing would constitute as a true MFH. It's a 3 bedroom 2 bathroom listing, but instead of being divided in the same structure, there are essentially 2 apartments, in 2 structures on the same lot. Would this qualify as MFH? Would my financing strategies of using an FHA/first-time buyer loan still be viable? Any information is appreciated.
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@Greg Dickerson from my research MFH is 2 - 4 units in the same structure which, yes, would be residential. More than 5+ is then considered commercial. My question is more so, would 2 units on the same lot in different structures still be considered multifamily?