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Financing in Marlborough : Real Estate Advice

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  • Local Info5
  • Home Buying15
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Activity 3
Mon Jul 17, 2017
Aksullivan13 asked:
My house is currently on the market, and we are looking to buy at the same time. We have a decent amount of debt, not related to our current home loan. But with the sale of our house,…
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Wed May 18, 2011
Deb Frank answered:
If the property is presently zoned as a 2-family, then you would obtain financing on the entire property as a 2-family home. If the property was legally converted into condos, then you you could purchase one unit as owner-occupied and the other unit as an investment property. Alternatively, you could purchase and convert the property back to a 2-family with a rehab. loan (examples are the FHA 203(k) and the Fannie Mae HomeStyle loan) ... more
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Sat May 30, 2009
Janet Sterman answered:
From what I have heard from other borrowers, it is preferable to use a local lender versus an online company. Not to say these firms are not reputable, but recourse is a lot different with a company based in California versus one based in Massachusetts.
As far as financing a mobile home through FHA, this would fall into the "manufactured homes" category. Please review the website noted below. I will have time to research this further later on this weekend.
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Financing in Marlborough Zip Codes

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