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Updated over 6 years ago on . Most recent reply

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Darrick Lowe
  • Brooklyn, Ny
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Which banks offer FHA on MIXED USE properties?

Darrick Lowe
  • Brooklyn, Ny
Posted

I've been having some difficulty finding a bank that would offer an FHA option for a mixed use property (2 residential, 1 store/office). Has anyone had success getting one? In addition, if i were to find a bank that offers this package, what kinds of hurdles should i expect to encounter before loan is approved (e.g. appraisal, state/local ordinances, etc)?

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Upen Patel
  • Lender
  • Nationwide Lender
801
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1,841
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Upen Patel
  • Lender
  • Nationwide Lender
Replied

@Darrick Lowe FHA does allow for the purchase of an owner occupied mixed used property. There are very specific requirements. You need to find a lender that doesn't have any internal overlays.

  • Upen Patel
  • [email protected]
  • (571) 331-5161
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