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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceRebuild Letter and Loan type
Janki Patel's profile image
Janki Patel's profile image
Janki Patel
  • from California
  • Member since Feb 16, 2020
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Janki Patel's profile image
Janki Patel's profile image
Janki Patel
  • from California
  • Member since Feb 16, 2020
Connect
Janki Patel
  • California
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Private Lending & Conventional Mortgage Advice

Rebuild Letter and Loan type

Janki Patel
  • California
Posted Aug 29 2020, 01:25

Found a home that currently a tenant is living in as a residential home but this property has a commercial zoning to it. I would like to purchase it but 1. the lender is saying the property cannot be financed with a residential loan and has to be a commercial loan and 2. she said that she requires a rebuild letter.

Is there a way I can still get a residential loan for this property and what is a rebuild letter? Should I try reaching out to other lenders?

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