Mixed-Use Property Loan Requirements in Florida

Mixed-Use Property Loan Requirements in Florida

On a mixed-use property, underwriters verify the property type, occupancy, and condition alongside your credit, income, and reserves. The property-specific items — appraisal comps, any HOA or project review, and clear title — are where mixed-use property deals stall. As a broker we pre-check those items so your approval does not surprise you late.

A mixed-use property — say an apartment above a storefront — can be financed residentially or commercially depending on how much of it is residential. The ratio is the whole game.

When the residential portion dominates (commonly 51%+ of the square footage and value) and the commercial use is limited, certain lenders will write it on residential terms. Heavier commercial use pushes it to a commercial or DSCR loan, with larger down payments and shorter terms. The number of units and zoning also matter.

We assess the residential-to-commercial split and zoning, then match you to the lender whose box your property fits — residential when possible for the better rate, commercial when the use requires it.

Read the full mixed-use property financing guide, or compare other angles: Financing Guide · FHA · Conventional · DSCR.