Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply

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.