Fannie Mae Mixed Use

With the Fannie Mae Mixed Use Mortgage, you don’t need a commercial loan to buy or refinance your property. Mixed-use properties include both a residential portion and a commercial portion within the same structure.

What is a Mixed-use Property?

Mixed-use properties include both a residential portion and a commercial portion within the same structure.

There are many types of mixed-use buildings, the most common are:

• Large apartment building with ground floor retail and office space.

• Storefront with an apartment-style residential area on the second and third floor.

• Single-family property with a dedicated office or professional space contained within.

Some owners of mixed-use properties maintain their primary residence and principal business in the same location.

Does Fannie Mae Offer Mixed Use Mortgages?

Fannie Mae offers residential mortgage financing for properties being used for both residential and commercial business purposes simultaneously.

The property must be a one-unit building that is residential.

The property cannot be modified in a way that would hurt the ability to market as a residential property.

The property has a space set aside and modified for business use such as a:

• Doctor’s or professional office

• Beauty salon or barber shop

• Daycare facility

• Studio

Fannie Mae requires that the borrower occupies the property as their primary residence and be the primary owner-operator of the business located on the property.