Is a fourplex with a carriage house in STL considered a 5-family?
Hey BP. I'm being offered a 4-family in St. Louis, that also has a carriage house on the land and they share a backyard. Was wondering if it's considered a 5-family for the home loan purposes. I know that anything over 4 units will belong to a commercial loan category, which changes amortization to less years, increases the mortgage payment and etc. I prefer to stay on the residential loan side. Please, advice.