Part rehab, part occupied... Will it qualify for a mortgage?

[Aaron Hale]

Hey BP,

I’ve located a triplex that has some potential but am wondering about financing. It is 33% occupied and the one unit puts it over the 1% rent to price ratio. However, the other two units and the exterior need swork to make rent ready .

In general terms, would this property still qualify for an agency loan because it is occupied?

Thanks for the input!