Thermostatically controlled heat in every room for 30 yr fixed??

[Nich J.]

I bought a lakefront cabin and turned it into a short-term vacation rental. When i was working on the financing the underwriters at the bank, a large one, i use on my primary residence said they couldn't finance the property because it didn't have a thermostatically controlled heat source in every room...I worked with a local bank and got into a 3 year ARM.

The cabin is 600sq feet and has a living area, kitchen, bathroom and bedroom.  The main heat source is a propane wall furnace with a thermostate that heats the whole place no problem.

The place was meant to be a 3-season cabin and I've done a bunch of work to it to make it more livable year round.  New roof, new ceiling, upgraded appliances, spray foam insulation in the crawlspace, added a heater to the crawl space etc... 

I want to eventually refinance into a 30yr fixed, considering under a business entity for liability reasons.

My question is did they pass on the financing because it was a 3-season house at the time or is there really some rule about thermostatically controlled heat sources?

Is it as easy as adding an electric baseboard heater and now i can qualify for conventional financing.

Let me know if anyone has any expertise in this stuff

Thanks

Nich

[Jeff B.]

IMO, must be some kind of  local building code issue in an area with heavy winters.  Sometimes we just have to submit to the requirements if we wish to get to the goal.