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Updated almost 6 years ago on . Most recent reply
Applying Loan for high-rental-occupied Condo
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!