Live Work Space

Recently I have been pre-approved for a mortgage. I wanted a normal house, but now I can buy a live workspace / for exactly the same amount of money. Is this acceptable?

You may want to amend your application for a commercial loan. Have you completed a residential loan application? And yes, it can work, but it depends on whether the workspace On-Line/Service is zoned commercial or residential.

to ask the lender for that - the details vary by loan program specific.

The usual answer is "yes" - but that does not mean it holds in all cases.

mixed use property has different requirements for down payment and if the commercial zoning and a mortgage will not fly at all. You'll need a commercial loan

It depends honestly on the exact title of zoning. Basically, if the word "commercial" is used, you will need a commercial loan.

Mixed use zoning is very rare.