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It appears that CitiBank is flush with taxpayer funds again. I got, via UPS NDA, a letter offering us a refi deal. The deal that intrigues me is 20 years at 4.75%/4.856%.

Here’s the rub, the deal is for a single family. For a 2 fam, there’s an extra point (you’d think the prospect of a homeowner getting some income would be a good thing, but apparently not).

According to the woman I spoke with, it is up to the appraiser to determine whether this is a one or two family home.

Now, this house walks like a one family and talks like a one family, and anyone who sees it would not think is was a two family. But, the c of o is for a 2 family.

So, my question is, based on the c of o vs. a visual inspection, what are the chances of this house being declared a single family by an appraiser?