Buying both sides of a twin home require two mortgages?

[Bryan Terry]

I am currently trying to purchase both sides of a twin home.  Each side of the unit has separate deeds.  Does anyone know whether I will have to get two separate mortgages along with all of the associated closing costs, or can I just do one mortgage (which I would prefer)? 

[Stephanie Medellin]

@Bryan Terry  With conventional or government financing, you would need two separate loans if they are two separate properties.  There are many properties that are semi-detached (that's another term that could be used to describe two connected houses).  Just as you would need 2 loans to buy 2 condos that are in the same complex, even if they were right next door, you would need 2 loans in this scenario.

Owner financing or a loan from a friend is a different story; you can make any terms you want.  One loan could be recorded against two parcels. 

Blanket loans can also cover more than one property, but they are harder to find and will be more expensive than 2 conventional loans.