Possible Residential Mortgage?
Hello All,
I'm looking at a 4 unit building. I'm hoping to get a residential mortgage on this property and I believe you can get one for up to 4 units. However, there is a large amount of unfinished space in the building. Over the longterm, this unfinished space has the potential to add more units, but as the building currently stands, it only has 4. The square footage of the additional space is larger than the square footage of the existing 4 units. Would I still be able to get a residential mortgage on this property? Thank you!