Storefront/Apartment Mortgage Financing

Storefront/Apartment Mortgage

for new property purchase or refinance






Property types:



· MLS purchases only

· Marketable property

· MUST have a residential component

· Minimum down payment 15% on new purchase

· Minimum equity 10% on refinance







Lenders offer their best 3 & 5 Year Term Mortgage Rates based on down payment of 15%, 25%, 30% or 35%.




Lenders will consider mortgage applications based on new purchase, refinance, owner occupied or investor and loan-to-value to compensate for risk.



Some lenders may not require environmental or building reports.





20 years maximum amortization