Accessory Dwelling Units or ADU’s sometimes known as Granny Flats, Guest house, Back House, or it might be an office. They must contain a fully functioning kitchen and bathroom. These can be attached, inside or detached from a primary dwelling
Fannie Mae says that they are willing to finance homes of an unusual dwelling type based on the ability of the appraiser to comp it out and how it fits in the location and come up with a reasonable market value.
Many types of properties are available and fall under different rules and financing options. A list of eligible and ineligible properties by common loan type are listed below.
The variances in financing requirements for a house versus a condominium Financing details do vary when considering the differences between a House, Attached Dwelling, Townhome or Condominium/Apartment. Understanding how a lender views the property type you are purchasing has bearing on how you qualify for the mortgage loan. Houses or Condominiums …
In many places, including the Portland area we are officially in a seller’s market according to real estate professionals. It’s due to the lack of inventory. If you’re in that starting out price range, getting your foot into the real estate market for the first time, unless you have a …
