01
Apr
Small Commercial
Small Commercial
There are a number of different property types New Haven considers when looking at a small commercial property, these include mixed-used properties, storefront apartments, student housing (no rooming houses), and more.
As part of the application process, New Haven does need to know the specific commercial component, like a hair salon or insurance office, so that they can accurately determine the value.
In major urban centers, New Haven will often lend up to 80% of the Loan to Value on first, second, or third mortgages
In rural areas, New Haven will often lend up to 70% of the Loan to Value on first, second, or third mortgages. (Some Exceptions Apply).
No formal credit or income requirements required.
