Buying A Commercial Property With A Residential Mortgage -

: Most lenders, including the FHA , require the property to be at least 51% residential by floor area.

If the property contains both residential units (like an apartment) and a commercial space (like a shop on the ground floor), you may be able to use a residential mortgage if it meets specific criteria: buying a commercial property with a residential mortgage

However, there are a few specific scenarios where the lines between residential and commercial financing can overlap: 1. Mixed-Use Properties (Residential + Commercial) : Most lenders, including the FHA , require

While the mortgage on the commercial property must be a commercial one, you can use your to help: Commercial Mortgages Explained | FAQs | NatWest Business

: You must typically live in one of the residential units as your main home.

Commercial Mortgages Explained | FAQs | NatWest Business Banking

: These loans are generally restricted to properties with 1–4 units . Once a building has 5 or more units, it is almost always classified as commercial. 2. Properties with Up to 4 Units