I've got an ugly one here. This particular loan is on one property that has two existing buildings. The first one is a two-story house that has been converted into three apartments. The second one is a building that has two apartments. It also just had three duplexes built onto the same property. So, there are a total of 11 residences on this land. Where I'm confused is whether this is a multifamily, or do I report it as a 1-4 family, and only "report" one of the buildings. I'm not sure if I use the total available places to live, or split them according to any specific guidelines. Please Help!

You have five 1-4 family dwellings. This property would not be considered multi-family IMO. Anyone disagree?

I agree with you on this. To be multifamily all the units must be in the same building. You can use which ever address you chose for the HMDA address.

I agree you have multiple 1-4 family dwellings.

A multifamily dwelling is a dwelling that contains 5 or more units. If the house had 5 apartments, instead of 3, it would be a multifamily dwelling.

Thanks for the encouragement. I'm a better guesser than I thought. That's how I had reported it, but I was prepared to change my position if need be. My commercial lenders come up with some really creative stuff. Thanks for keeping me sane (ish). I always appreciate your help.

Thanks a lot. I appreciate all the input. I can use all the help I can get.

Thanks swiggles. That's what I did, but I needed more support. I did not feel confident on this one. Thanks.

We had one yesterday that was strange. We had a 4-plex (normally 1-4 family) but they had added an apartment in the basement of the building. I said to classify it multifamly because they no had 5 units in the building.