Looking to buy my neighbors home. Options?

The probable answer is no. For a new loan, the origination lender is going to want to be able to sell the new loan into the secondary market. For that, the loan would need to be secured by a single parcel of land. To do what you want, you will either need to by the neighboring lot as an investment property, using an IP loan or cash. I have heard of non-conventional lenders that would consider a loan using multiple parcels as security, but this would require them to keep the loan in their own portfolio, meaning you are going to pay higher rates and/or fees on the new loan, than if you were to acquire the parcel with a separate loan. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, OR, WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Not in the standard mortgage world if there is a house on both properties. You'll need a separate loan for each property. If it were raw land and no house, and the property lines touch, then yes. I lend in MN WI IA SD ND, and can be found at JoeMetzler.com. Cambria Mortgage, NMLS 274132