Banks are only offering commercial loans on my 2 family refinance

[Paul DeSilva]

I'm trying to BRRRR a two-family I recently purchased. I'm almost to the refinance part and started shopping around for loans, so far the banks that I have spoke to are only offering commercial loans. They are saying it has to be commercial because it is not owner occupied. Is this the norm? Are there better options? TIA

[Ryan Murdock]

Originally posted by @Ray Harrell:

Tis true. If you aren't living there it's an investment property. What you SHOULD have done, and it's a big dishonest, but so are banks, get your mail at the rental property.

Not sure committing mortgage fraud is the best course of action here. What you are implying beyond just getting mail at the property is that you would at some point sign a statement that you would be occupying the property as a primary residence. Bad idea if it isn't the truth.