Worth a try.

[Lawbound]

Worth a try.
My lender qualifies me for 100% financing on the purchase of a single family home but will cover 95% of a multi-family with $3000.00 down. I would like to go with as little out of pocket expense as possible.
I know the owner of a two family whom was in the middle of a rehab project that wants to sell. This is my question and please don’t shot me for asking.
Can this property be listed in a different way as to market it as a single-family house.

[Dan Auito]

Worth a try.
My lender qualifies me for 100% financing on the purchase of a single family home but will cover 95% of a multi-family with $3000.00 down. I would like to go with as little out of pocket expense as possible.
I know the owner of a two family whom was in the middle of a rehab project that wants to sell. This is my question and please don’t shot me for asking.
Can this property be listed in a different way as to market it as a single-family house.

Lawbound you can say just about anything but what the lending institutions appraiser says is what they would consider it. If you can find the lenders appraiser, you would have your best chance of getting the answer to making what you want to appear be so!

Often times if there are two kitchens, by removing one you would qualify, seems a little drastic for the amount in question.

[karlpie]

I have seen these types of homes listed as two different "types" of property for sale .... one is considered a single family home and can be marketed as an "in-law type of home" or that home can be converted back to single family home and the other way that I've seen them listed is as a "two to four unit" type property. Believe it or not, I have actually seen the same property listed both ways so as to get as much exposure as the agent can get to try and sell it.

Don't know if this helps or not! :SM125: