Mortgage for Agricultural/Residential zoning

[Lesley J.]

I am working on refinancing, and this house just happens to be my primary residence. So all i am looking for is a regular old morgage where the LTV is less than 50%??

After talking to a broker yesterday he got back to me today and told me that he could not get any kind of a good deal on a loan for me because my house in an area where the primary zoning is AU (agricultural). However it is recorded as residential single family and has a [b] stating that. If you are familiar with the Florida Redlands then you will know what kind of property i am talking about.

2 questions

1. I cannot imagine that all the homes in this area have no mortgages that would be silly. So why am i having this problem. Would not the CU for residential use override the AU zoning for lending purposes.

2. Assuming that the CU does not override the AU zoning even though the residence is perfectly legal, why are the mortgage rates offered so much higher?

I'm sure some of the experts in the forum will know how I can fight this problem?

Lesley