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Private Lending & Conventional Mortgage Advice

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Justin Holley
Pro Member
  • Investor
  • Whitefish, MT
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51
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3 Unit - A Commercial Loan?

Justin Holley
Pro Member
  • Investor
  • Whitefish, MT
Posted Aug 20 2018, 12:39

Good day BP!

I have a quick question.  I have a 3 unit under contract and the local banks and credit unions keep telling me my loan is commercial, but it is a simple 3 unit. I have not run into this problem in the past.  Am I giving them too much info?  Like telling them I will not be living in the house, it's 3 units, etc.

Thanks,

Justin 

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