All lenders limit the types of property they will finance with a mortgage loan. Even the menu of programs that a single lender will offer will have a varying property requirements from program to program. Because of the intricacy of real estate, property obstacles may exist that make it difficult to obtain mortgage financing for many properties, including homes.
This article will review these categories, with a special emphasis on residential properties. There are, of course, other categories of real estate, such as churches, hospitals and special use properties.
Was this article helpful?