2-6 NONRESIDENTIAL USE.
A. Design Limitations.
1) Any nonresidential use of the property shall be subordinate to its residential use and character. A property, any portion of which is designed or used for nonresidential purposes, is eligible only if the type or extent of the nonresidential use does not impair the residential character of the property.
2) Areas designed or used for nonresidential purposes shall not exceed 25 percent of the total floor area.
Storage areas or similar spaces which are integral parts of the nonresidential portion shall be included in the total nonresidential area.
Ocean Mortgage NMLS# 322028
Senior Loan Consultant NMLS# 780201
Use web reference below as starting point or call IRS to clear your mixed zoned property as home buyer worthy.
Call around to a few mortgage brokers who can answer your loan questions. And to get the best rates.
Then, good luck.....
My quess on the home purchase tax credit is that the precentage of the properties value that is residential would be eligible for the tax credit. So it the property is $100,000 and $50,000 is residentail, only$50,000 would be considered for the tax credit application. It is best to discuss the tax credit with a tax proffesional.
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