> ## Documentation Index
> Fetch the complete documentation index at: https://cameron.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Property Types Allowed

> Understanding which property types qualify for self-employed mortgage programs

Self-employed mortgage programs offer flexibility in property types, often financing properties that conventional lenders won't. However, not all properties qualify, and some come with additional requirements.

## Eligible Property Types

**Single-family residences** — The most straightforward property type. Detached homes, townhomes, and PUDs (planned unit developments) typically qualify without issue.

**Condominiums** — Warrantable condos qualify with most lenders. Non-warrantable condos (those that don't meet Fannie Mae guidelines) are also eligible with many lenders offering self-employed mortgages—a key advantage over conventional financing.

**2-4 unit properties** — Duplexes, triplexes, and fourplexes qualify, whether owner-occupied or investment. Rental income from other units may help with qualification.

**Rural properties** — Homes on acreage typically qualify, though very large parcels (40+ acres) may face restrictions or require additional review.

## Property Types with Restrictions

| Property Type           | Typical Availability                |
| ----------------------- | ----------------------------------- |
| Single-family           | Widely available                    |
| Condo (warrantable)     | Widely available                    |
| Condo (non-warrantable) | Many lenders                        |
| 2-4 units               | Many lenders                        |
| Rural / acreage         | Many lenders, size limits may apply |
| Mixed-use               | Limited lenders                     |
| Manufactured homes      | Limited lenders                     |
| Condotels               | Limited lenders                     |
| Co-ops                  | Rare                                |

## Non-Warrantable Condos

Conventional lenders avoid non-warrantable condos, but many self-employed mortgage lenders accept them. A condo may be non-warrantable due to:

* Single entity owning too many units
* High investor concentration
* Pending litigation against the homeowners association (HOA)
* Insufficient reserves
* Commercial space exceeding limits

Expect slightly higher rates or down payment requirements for non-warrantable condos.

## Mixed-Use Properties

Properties with both residential and commercial space (like a storefront with apartment above) qualify with some lenders offering self-employed mortgages. Typical requirements:

* Residential space must be primary use
* Commercial portion limited to 25-40% of total square footage
* Borrower may need to occupy residential portion

## Ineligible Properties

Most lenders offering self-employed mortgages won't finance:

* Vacant land
* Commercial-only properties
* Properties in disrepair
* Log homes or dome homes (with some exceptions)
* Houseboats or floating homes

When in doubt, ask your lender early—property eligibility issues discovered late in the process cause costly delays.