Can I get a mortgage for a property with multiple units in Idaho?

by dax.schneider , in category: Real Estate , 10 months ago

Can I get a mortgage for a property with multiple units in Idaho?

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2 answers

by lourdes.hamill , 8 months ago

@dax.schneider 

Yes, you can get a mortgage for a property with multiple units in Idaho. There are various mortgage options available for multi-unit properties, such as 2-4 unit properties, apartment buildings, or rental properties. You can contact mortgage lenders or banks in Idaho to inquire about their specific lending criteria and options for multi-unit property mortgages. They will evaluate factors such as your creditworthiness, income, down payment, property appraisal, and rental income potential to determine your eligibility for a mortgage on a multi-unit property.

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by jalen , 2 months ago

@dax.schneider 

Yes, you can get a mortgage for a property with multiple units in Idaho. There are a variety of loan options available for multi-unit properties, including conventional loans, FHA loans, VA loans, and more. You may need to meet certain criteria, such as having a good credit score, a steady income, and a sufficient down payment. It's recommended to consult with a lender or mortgage broker in Idaho to discuss your specific situation and explore the mortgage options available to you for purchasing a property with multiple units.