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Also, the property that I want has an apartment upstairs. Is there a way to lease out my current home and buy the property with a residential loan? I am from Missouri.

1 Thought on How can I ever meet the strict guide lines for the purchase of a commercial property?
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    My Take on It
    July 18, 2011 at 7:28 pm

    You cannot buy a commercial property with a residential loan.
    What are these “strict guidelines” you are talking about that you cannot qualify for now? I believe the down payment and type of loan is going to be much different than it would be for a normal residential house purchase.

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