Go Back To Search Results Question Can I use a mortgage instead of a commercial loan? I know any property with 4 units or more is considered a commercial property. That being said, can I apply for a regular mortgage for a property that has 3 units or less, or do I still have to apply for a commercial loan? By mūdi Posted on 04/02/08 Total Answers 2 Answers- Yes you probably can. There are many homes like that here in seattle, i had a buddy that was going to do it, but his plan was to make one of the 4 units in the residence his private residence and his banker was going to let him use a traditional mortgage. You should probably go to your bank and ask the branch manager. If that bank dosn't do it ask them if they know of any other banks that might. Answer by : Andrew On Date 2008-04-02 10:11:50 3 family home IS a residential mortgage, not a commercial loan. UNLESS however one or more of the units is zoned as a commercial space, then you would need a mixed use loan. hope this helps! Answer by : NYmortgageman On Date 2008-04-02 10:14:27   Go Back To Search Results