Tag Archive for: duplex

Residential Financing for Commercial Property? BEWARE of Closing Cost Credits!

A borrower almost left us recently for another lender that was offering a $1,000 credit for closing costs – because … WOW! $1,000! BUT.. that lender also offered that same […]Read More

House Hacking 101: Your Gateway to Real Estate Wealth

Ever wondered how to dive into real estate investing without being overwhelmed by high property prices and mortgages? Well, house hacking might just be the stepping stone you need. At JVM Lending, we've curated the perfect roadmap to navigate the ins and outs of house hacking. Buckle up as we unfold the blueprint of turning your home into a cash-generating asset.Read More

Multigenerational Homes: The Perfect Fit for Your Family

In recent years, the concept of multigenerational homes has gained significant traction. More and more families are exploring the idea of multiple generations living under one roof, driven by factors such as accessible childcare, housing affordability, and economic considerations.Read More

How To Buy A Duplex With A Mortgage

Are you considering investing in a duplex? This unique housing option offers an array of benefits, from potential rental income to the opportunity for multi-generational living. In this comprehensive guide, we'll walk you through the process of buying a duplex with a mortgage, providing valuable insights and answering commonly asked questions along the way.Read More

Duplex vs. House + In-Law Unit (ADU)?

A few months ago, we had a purchase with two units on one lot. It had two addresses and two electrical meters, and our underwriter insisted it was a duplex – effectively killing our deal. So, we called Fannie Mae and explained all the particulars and Fannie overruled our underwriter. Our underwriter justifiably thought it was a duplex because of the two addresses and two meters – but those factors are not dispositive.Read More