does anyone know why loan officers don’t like to do loans for a property zoned industrial?
I’ve been trying to get a mortgage loan on a house with 3 acres, but as soon as they find out that it’s zoned industrial,red flags go up. Does anyone know why this is?
as of right now there isn’t any factories or anything like that in the area. It’s all homes and farm land. I don’t really understand why they zoned it industrial for?!