I am buying a property with a house, large pole barn. Right now, there is no buisiness on the property - I am going to live on the property and will probably be starting a business after I purchase it. Can I finance this with a residential loan?

I forgot to mention - the property is zoned Local Commerical.

This is called non conforming zoning. It often happens when a structure exists before the zoning is changed. If you can get a letter from the county zoning commission stating that it can be used as a residence, and can be rebuilt as a residence if it is destroyed, you can finance it residential. This is not easy to get. Often the county will allow a grandfather clause to extend only to the owner at the time of the zoning change. Any future owners must comply with the change. In this case, you will have to finance this as a commercial property.

The property is currently being used as residential and all the paperwork from the Realty Co. states it is residential / local commerical. Does this make any difference?