Owner-Occupied Mixed-Use 2-4 Unit Loan

Jul 10, 2021
Mortgage Guide


Welcome to Chicago Mortgage Funding, your premier source for owner-occupied mixed-use 2-4 unit loans. Whether you're a business owner with a mixed-use property or a consumer looking to invest in real estate, our expert team is here to help you secure the right financing solution. With our extensive experience and commitment to exceptional service, we strive to provide the best mortgage options tailored to your specific needs.

What is an Owner-Occupied Mixed-Use 2-4 Unit Loan?

An owner-occupied mixed-use 2-4 unit loan is a type of mortgage loan specifically designed for properties that contain 2 to 4 units and are utilized by both the owner and tenants. These units can include a combination of residential and commercial spaces, making them ideal for small business owners or individuals looking to live in one unit while renting out the others.

Benefits of Owner-Occupied Mixed-Use 2-4 Unit Loans

Investing in an owner-occupied mixed-use 2-4 unit property can offer numerous advantages. Here are some key benefits:

  • Additional Income: By renting out the remaining units, you can generate additional rental income to help cover your mortgage costs.
  • Building Equity: As you make mortgage payments and property values appreciate, you build equity in the property, creating potential long-term wealth.
  • Tax Benefits: Depending on your situation, you may be eligible for various tax deductions related to mortgage interest, property taxes, and operating expenses.
  • Diversification: Owning a mixed-use property allows for diversification in your investment portfolio as you simultaneously benefit from both residential and commercial real estate markets.
  • Flexibility: The ability to occupy one unit while renting out the others provides flexibility and potential lifestyle benefits.

How to Secure Financing for Your 2-4 Unit Property

At Chicago Mortgage Funding, we understand the unique financing needs of owner-occupied mixed-use 2-4 unit properties. Our dedicated team of mortgage professionals will guide you through the loan application process and help you secure the funds needed to purchase or refinance your property.

Our Financing Solutions

We offer a range of financing solutions to meet the diverse needs of our clients. Our loans feature competitive interest rates and flexible terms:

1. Conventional Loans

Our conventional loan options provide traditional financing for owner-occupied mixed-use 2-4 unit properties. These loans generally require a down payment of at least 20% and have varying term lengths to suit your preferences.

2. FHA Loans

FHA loans are a great option for individuals who may not have a large down payment saved up. These loans are insured by the Federal Housing Administration and typically require a down payment of as little as 3.5%. FHA loans also offer competitive interest rates and more flexible qualification criteria.

3. VA Loans

If you are a qualifying veteran or active-duty service member, our VA loans can provide excellent financing for your owner-occupied mixed-use 2-4 unit property. These loans offer favorable terms and require no down payment, making them an attractive option for eligible individuals.

4. Portfolio Loans

For borrowers who may not qualify for conventional, FHA, or VA loans, our portfolio loan options provide alternative financing solutions. These loans consider the unique circumstances of the borrower and often have more flexible qualification criteria.

Why Choose Chicago Mortgage Funding?

When it comes to securing financing for your owner-occupied mixed-use 2-4 unit property, Chicago Mortgage Funding stands out from the competition. Here's why:

  • Extensive Expertise: Our team has in-depth knowledge and experience in the real estate lending industry, ensuring you receive expert advice and solutions tailored to your specific situation.
  • Personalized Service: We take the time to understand your unique needs and financial goals, working closely with you to find the best loan options available.
  • Competitive Rates: We offer competitive interest rates to help you save money over the life of your loan.
  • Streamlined Process: Our loan application process is efficient and straightforward, designed to provide you with a seamless experience from start to finish.
  • Exceptional Customer Satisfaction: We prioritize customer satisfaction and strive to exceed your expectations with our level of service.

Contact Us Today

If you're ready to explore your financing options for an owner-occupied mixed-use 2-4 unit property, contact Chicago Mortgage Funding today. Our knowledgeable team is here to answer your questions and guide you through the loan process. Let us help you turn your real estate dreams into a reality!

Jason Vogel
This is exactly what I've been looking for! As a business owner interested in investing in real estate, it's reassuring to know that Chicago Mortgage Funding offers specialized loans for owner-occupied mixed-use properties. Their expert team and commitment to exceptional service have me convinced that they are the best choice for my financing needs.
Nov 11, 2023