If a home is zoned as a 2-Unit, but the appraiser states its “best use” is a single-family, will FHA accept that?
Answer: While FHA requires that a property either conform to the land zoning or be considered ‘legally non-conforming’ (see guideline below) so that it can be rebuilt if destroyed, I believe there’s some confusion here regarding ‘zoning’ vs ‘property type’. While a residential area (one lot or many lots) can be zoned for a certain [...]