home > home mortgages > FAQs > general > home vs. commercial

What is the difference between home & commercial mortgage loans?

Home mortgage loans:

According to The Mortgage Store Online, home mortgage loans are mortgage loans you get for your home or multi-residential property.

A home mortgage loan is for a single family home property that is lived in by you (the owner) or rented out.

A multi-residential mortgage loan is for a property that has more than one living unit like duplexes or apartment buildings. A multi-residential mortgage loan can only be for property that has less than 12 living units.

Apply for a home mortgage loan today! Fill out the home mortgage application.

Commercial mortgage loans:

According to The Mortgage Store Online, commercial mortgage loans are mortgage loans you get for commercial property. Properties that are considered commercial include home buildings with more than 12 living units, mixed use buildings (like a store with an apartment above it) and non-home buildings like office buildings.

Learn about our commercial mortgage services.

If you want to find out more information about these home mortgage loan faqs topics, contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

<< return to general mortgage faqs