Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Each lending institution has different underwriting guidelines for evaluating a potential borrower .
Generally though, most lenders look at certain items for you to qualify:
Plus you may need to have at least 20% equity to refinance your mortgage. You should start by speaking to the mortgage department where your loan is now held. They can tell you if you qualify and many times the fees to refi are less if you go with your original lender.
Thank for that clarification.
I will request that a Real Estate Attorney be assigned your question then as it is would fall more under knowledge of real estate law.
Do not respond to me as that will delay the transfer to legal.
Sorry about the delay I am a real estate attorney and it will be my pleasure to assist you.
The size of the home would not matter to the lender. The issue would be whether the home meets the building code requirements fora residential dwelling. If all code requirements have been met there should be no issue with conventional financing. Depending on where in Oregon you are located you would contact the building department for their code requirements. Do you already have a certificate of occupancy?
For example this is the code for Portland https://www.portlandoregon.gov/bds/36808