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Updated over 8 years ago,
Conventional Loan Multiple Pins?
I am looking at a property where the seller owns a 2 flat, along with the vacant lot next door. He wants to sell both as a package. The lot the building is on is a different pin to the lot next door
Is it possible to use conventional financing for 2 pins in a single loan? I have used a single loan before to purchase a condo and parking space which were separate pins, but I am unsure on whether a vacant lot next door would have different rules.
I already have 6 financed properties, so this would be a 30% down investor conventional loan. I am looking for what the Fannie Mae guidelines would be.