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Updated 9 months ago,

User Stats

22
Posts
20
Votes
Jay Chung
  • Investor
  • Indianapolis, IN
20
Votes |
22
Posts

Residential loan for a commercially zoned property but it is a home

Jay Chung
  • Investor
  • Indianapolis, IN
Posted

Hi folks,

I'm looking at a listing that I'm not able to disclose but I'm wondering if I can get a residential conventional 30yr fixed loan for this commercial property. The place is a 2 bed/2bath but it's zoned as commercial. The previous owner rezoned it or the city did but the guy in there is selling through a commercial broker. Is it possible to get a 30 yr fixed loan for this type? What information do i need to check?

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