Ancillary Suite Loan Advantages
What is an Ancillary Suite?
Homeowners often look for homes with an extra living area. Sometimes these are called Ancillary Suites. These are desirable to give visiting family a separate living area or they can be used to earn rental income. But some lenders struggle with these types of loans. They don’t want to extend a loan for a home with an Ancillary Suite because they think it will be hard to sell in the case of a foreclosure. Plus, it is often hard to appraise homes with Ancillary Suites, and that sometimes leads to a denial of your loan by lenders.
HomePromise has approved Ancillary Suite Loans, so give us a call today to see if you qualify!
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Let our team of experts help you find the best loan at a great rate. Don’t hesitate to contact us today!
We Are VA Home Loan Experts!
Owning a home lies at the heart of the American dream. A home is the foundation for many people’s financial security. At HomePromise, we understand the lending process can be discouraging. We want to change that. Trust the home loan experts and creative financing team at HomePromise.
We understand that there are many different types of loans, and many different types of homeowners. Your situation is unique and should be handled by people, not computers. That’s why we want you to talk with one of our team members. Applying with us is always 100% free – no risk, no cost, no obligation to you. That is the HomePromise Way.