I am a local Realtor in the Greater Carlisle area with Hooke Hooke and Eckman. I would be happy to help you search. Check out 1834 Basin Hill Blvd. It is a Cape Cod (so it counts as 1.5 stories) it does have a full bathroom on the first floor. The basement is 80% finished with a walk out basement.
Please me let me know if you'd like to talk more.
Mortgage guidelines and the loan process have changed drastically since 2003, and largely because of the real estate melt down and problems associated with it.
The information you have been given is accurate for the mortgage process. With this said, not all homes are purchased on credit. The reality is that your buyer could be paying cash. If this is the case the location of the kitchen likely becomes a non-issue.
Does the area in which your kitchen is located have an outside entrance and a window(s)? If this is the case I would try to build a case that this is not a basement only a lower level living space.
Kitchens are not normally located in the basement. At some point there was likely a conversion that allowed for additional upstairs living space. Unfortunately, the real solution may be to relocate the kitchen upstairs or go through the additional expense of doing an addition.....if that's feasible.
There are different ways to go about finding that information. The best way to get the most complete answer would be to have your Realtor contact the listing agent of the property in order to find out financing questions. I would be more than happy to lead you through this process. In fact Wolfe and Company Realtors currently has some Rent to Own units. Hope this helps!... more