With the Fannie Mae Mixed Use Mortgage, you don’t need a commercial loan to buy or refinance your property. Mixed-use properties include both a residential portion and a commercial portion within the same structure.
Mixed-use properties include both a residential portion and a commercial portion within the same structure.
There are many types of mixed-use buildings, the most common are:
Some owners of mixed-use properties maintain their primary residence and principal business in the same location.
Fannie Mae offers residential mortgage financing for properties being used for both residential and commercial business purposes simultaneously.
The property must be a one-unit building that is residential.
The property cannot be modified in a way that would hurt the ability to market as a residential property.
The property has a space set aside and modified for business use such as a:
Fannie Mae requires that the borrower occupies the property as their primary residence and be the primary owner-operator of the business located on the property.
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Disclaimer: This calculator is provided for informational purposes only. It is not an indication of loans available through Quintessential mortgage Group, LLC.