Short answer
Yes, with conditions. Fannie Mae calls these mixed-use properties, such as a home with space for a day care, a beauty or barber shop, or a doctor's office. It must be a one-unit home you live in as your main residence, you must own and run the business, the property must be mainly residential, and changes can't hurt its appeal as a home.
What are the rules?
- One-unit home that you'll live in as your primary residence.
- You are both the owner and the operator of the business.
- The property is primarily residential.
- The home hasn't been changed in a way that hurts its marketability as a home.
How is it appraised?
The appraiser describes the business space, confirms the mixed use is legal under local zoning, notes any effect on marketability, and values the property as a home, not as a business. Ask the town about zoning and permits for your business before you buy.
Can the business income help me qualify?
Yes, if you document it the way self-employed income is documented, usually with tax returns. See the self-employed guide and bank statement loans.
What if the business is in a separate unit?
A detached apartment can be an ADU, and a building with separate units may be a 2 to 4 unit property. Each has its own rules; see the ADU guide and the multi-family guide.
Sources
- Fannie Mae Selling Guide B2-3-04, Special Property Eligibility Considerations (mixed-use properties)
- Fannie Mae Selling Guide B4-1.4-07, Mixed-Use Property Appraisal Requirements
Checked November 2, 2026. Rules and dates change, so confirm current details before you rely on them.
General information only, not tax or legal advice. Program availability, eligibility and terms vary by lender and are subject to change and to underwriting approval. Not a commitment to lend.