Real estate monitor

Residential properties are real estate constructed and used as homes and dwellings. Interestingly, the residential mortgage market has created a more limiting definition of acceptable residential properties. Standard residential loans deal with exclusively residential housing in the “conforming” sense. Conforming programs define residential properties as having 1-4 units, with all of the units zoned and [...]

All lenders limit the types of property they will finance with a mortgage loan. Even the menu of programs that a single lender will offer will have a varying property requirements from program to program. Because of the intricacy of real estate, property obstacles may exist that make it difficult to obtain mortgage financing for [...]