Established Contributor
Posts: 736
Registered: ‎08-25-2008
Re: 2 properties on 1 lot

It may depend on if there are actually 2 deeds or are both properties on 1 deed?  I had a small hiccup in my mortgage process because of a similar situation - but there are 2 deeds to my property.. I paid cash for the rental and own it outright and the mortgage on the main house.. The underwriter didn't really like it, but finally got it passed without too much of a delay.