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Updated almost 4 years ago on . Most recent reply
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Financing for a unique situation
I’m looking to buy a property in Gatlinburg, TN as a short term rental. This particular lot has 2 homes on it and one of the homes is not completed and I likely won’t be able to use conventional financing. Would a non-conforming loan work for this situation? It appears a lot of lenders don’t want to deal with these because of appraisal issues but in this particular case, I think the land and completed home alone would appraise for the loan amount.