Owner financing and mortgage insurance

[Fred Jacquet]

I’m working on a deal for a non conforming lot with a 1, 2 and 3 family building on it. At this point all cash and owner financing are the only options that I see. The seller are not onboard with owner financing, but they have not shot it down completely.

Their initial concern is mortgage default should something compromise the grandfathered zoning and we are unable to recover and maintain payments.

Is there any type of private mortgage insurance that is available to provide them with that some security?

Thanks in advance for any insights