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Updated over 1 year ago,
Business Purpose Loan for a owner occupied SFR collateral in California
Is a business purpose loan which is secured by borrowers primary residence similar to a business purpose loan secured by a investment property?
Are there any special criteria which the lender has to meet for doing business purpose loans secured by primary residence in California?
What new Dod Frank regulations apply to these type of loans?
Is there any guidance available on CA Dept of Business Oversight/ Bureau of Real Estate on this topic?