Banks that give mortgages on co-

Categories: Mortgage

..ops with less than 50% owner occupancy?
I know someone trying to buy a [cheap] place (not new construction), but the owner-occupancy is like 48%. For some reason, she can’t find any banks for the mortgage (although she IS pre-approved for a more expensive place). I think this place is asking 350K and it’s in BK (Park Slopish). I said I’d try and help her via the internet, but not much happens googling this subject.
Anyone know of any banks that she should try?

By broadwayron | 07/12/2009 4:27 PM