Keywords: FHA; Lown-Income; Conventional; Mortgage Loans.
A mixed-use property as defined is a one-to-four (1-4) unit residential property with a home-based business. The following requirements must be met:
1. The business cannot interfere or conflict with the residential use of the property.
2. The property cannot have been altered in any way that would indicate any use, design, or appeal other than residential.
3. There must be no hazardous material being used or stored at the subject property.
4. The market value of the property must be solely a function of its residential characteristics, rather than of the business use.
So mixed used property can also do DSCR program. If you have a property that is for mixed use, such as Commercial Office, etc. Don’t hesitate to call us! We will help you achieve your goals with professional skills!
Post time: Jan-20-2022