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Updated almost 6 years ago on . Most recent reply

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2
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Neo Yeung
  • Oak Park, IL
0
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2
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Applying Loan for high-rental-occupied Condo

Neo Yeung
  • Oak Park, IL
Posted

Hello all,

I have a question regards to loan application for a condo.

There are 3 units in this property and I own one of them. (A single house that was converted into 3 units). One unit has already rented out and I am planning to rent out mine. Will the 3rd unit has a difficult time to sell because the lender will not want to borrow money for a property that has high-rental-occupied? The property located at Oak Park, IL

Thank you so much!

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