We love our pets, they are part of the family. But did you know that your furry (or feathered) friend could play a surprising role in your homebuying journey? While your dog probably will not impact your credit score, being a pet owner can influence where and how you buy a home, and even the type of loan you choose.

As a mortgage originator, I have worked with many clients who did not realize their pets could affect everything from HOA rules to homeowners’ insurance policies. Here is what you need to know before you start the house hunt with your pet in tow.

1. HOA Restrictions Can Limit Your Options
If you are buying a home in a neighborhood governed by a homeowners association (HOA), it is crucial to review their rules regarding pets. Some HOAs have strict regulations about:

• The number of pets you can have
• Breed and weight restrictions, especially for dogs
• Leash and noise policies
• Exotic pet bans (such as reptiles, birds, or rodents)

Violating these rules can result in fines, or worse, being forced to rehome your pet. Always request the full HOA guidelines before submitting an offer on a property, and make sure the community is truly pet-friendly.

2. Insurance Matters, Especially for Certain Dog Breeds
Homeowners insurance providers often have breed-specific restrictions that could impact your coverage. Breeds considered “high-risk” by some insurers (like Rottweilers, Dobermans, or Pit Bulls) may result in higher premiums or denied coverage altogether.

Since most lenders require homeowners insurance before closing, this can influence your loan process. In some cases, you may need to shop around for more flexible insurance options or consider a different property altogether.

3. Pet-Proof Properties May Qualify Differently
When lenders assess a property, they consider its condition, safety, and insurability. Pet-related features like fencing, outdoor shelters, or even damage from previous pets could come under scrutiny during appraisals or inspections.

For example, if the home you are buying has excessive pet damage (like scratched floors or odor), the appraiser may lower its value. That could affect your loan-to-value ratio, and in some cases, even delay your closing.

4. Multifamily Properties and Pet Limits
Thinking of buying a duplex or triplex to live in one unit and rent the others? Be aware: pet rules often differ in multi-unit properties. Whether you are planning to house your own pets or rent to tenants with animals, check city ordinances and zoning rules first.

Lenders may also view these purchases differently, particularly if rental income is part of your loan qualification.
Your pet does not need to complicate your path to homeownership, but being informed can help you avoid surprises. As your mortgage originator, I will help you navigate these pet-related nuances to make sure your loan, insurance, and property are a great fit for everyone, paws and all.

Have questions about pet-friendly loan options or neighborhoods? Let’s chat. I’m here to guide you through the process, tail wags included.