U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 02-08-2011, 10:43 AM
3 posts, read 4,631 times
Reputation: 10


Property is zoned R6 with a commercial overlay and consists of a storefront with an apartment above. I want to occupy the whole building as a resident and use the storefront for an art studio.

Is it possible for me to get a residential mortgage given this situation?

I have excellent credit and can put down 200k for the 600k property, but am looking to avoid the much higher interest fees for the commercial loan, and I also want a 30-year fixed rate.
Reply With Quote Quick reply to this message

Old 02-08-2011, 10:17 PM
Location: New Jersey
48 posts, read 113,924 times
Reputation: 25
Depends on what percent of the total building is commercial.
Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top