How does financing a multi-family home in Woodstock work?

Financing a multi-family property in Woodstock typically requires a larger down payment and different underwriting than a standard single-family loan, especially once the property has more than a few units. Owner-occupied two-to-four-unit properties can sometimes still use FHA or VA financing, counting a portion of rental income toward qualification, while larger or non-owner-occupied properties usually need a conventional or commercial loan instead. Appraisal methods differ too, often weighing rental income more heavily than comparable sales alone. Ask a lender experienced with multi-family properties to walk through the specific numbers on a property you are considering.