Buying A Commercial Property With A Residential - Mortgage
: You must typically live in one of the residential units as your main home.
However, there are a few specific scenarios where the lines between residential and commercial financing can overlap: 1. Mixed-Use Properties (Residential + Commercial) buying a commercial property with a residential mortgage
: These loans are generally restricted to properties with 1–4 units . Once a building has 5 or more units, it is almost always classified as commercial. 2. Properties with Up to 4 Units : You must typically live in one of