Mother-in-law unit on prop, Hard to Re-fi

if the unit you describe is a " legal " unit - refinancing should be possible......appraiser will need to locate some comparables that have similar arrangements

More info needed but in general, No.. that's not correct. Now if you are talking about a manufactured home with another one in the back, then that would be near impossible to refinance. but if they are sight built, then it shouldn't be a problem. The biggest issue is whether or not the unit was permitted when built as a living unit or was it a converted outbuilding that was converted to living space... That could be a problem.. but regardless, if they are site built homes, on the same parcel, then it should not be difficult to refinance. But an issue you might run into would be the appraisal. If there are no other homes in the area with a similar mother in law suite.. then you wont get full value for it.. So without knowing how much is owed, and what the current values are, it's difficult to say.. However, try reaching out to your existing lender.. if they already have the loan on it, they might refinance it without any issues at all. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893