Tag Archive for: condo financing

Mortgage Reminders: My Inconsistent Fed Comments; Rent Backs; Owner Occ Ratios; Attached PUDs/Townhomes; 12 Condo Considerations

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Here are a few random reminders. Powerless Fed Vs. Inflation-Causing Fed. In response to my recent blog about the Fed being “Powerless,” I got this comical point from an agent I […]Read More

Condos Not Always “Cheaper” Than Single-Family Residences; Condo Questions To Ask

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I read recently that the median single-family home price in Marin County, California is almost $500,000 more than the median condo price. So, condos are way cheaper, right? Not always, […]Read More

Top 5 Tips for Buying a Condo in Texas

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Condos are an excellent option for buyers looking to upgrade to a larger single-family residence without all the upkeep of a detached home. These are our top five tips for Texas buyers interested in buying a condo in Texas.Read More

No Bubble Here; FHA Condo Spot Approvals

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FHA CONDO SPOT APPROVALS ARE BACK STARTING TOMORROW Starting tomorrow, an entire condominium complex will no longer need to be “FHA Approved” for a buyer to use FHA financing to […]Read More

More Condo Reminders – Non QM; Owner Occ Ratios; Condo vs. Townhome; 12 Considerations

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Below are a few more reminders for condo buyers. Non-QM Loans for Condos There is a condo complex near our office that is still 25% owned by the developer. This […]Read More

New Condo Complexes/Phases Do NOT Have to Be Complete

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Many loan officers and real estate agents mistakenly believe that condo projects and/or phases within a project must be complete before units within them are eligible for mortgage financing. We, […]Read More

Top 5 Tips for Buying a Condo in California

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Condos are an excellent option for buyers looking to upgrade to a larger single-family residence without all the upkeep of a detached home. These are our top five tips for buyers looking to buy a condo in California:Read More

A Few Things to Know When It Comes to Condo Financing

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Fannie Mae recently loosened their condo guidelines. So, we thought this was a good excuse to share a few condo reminders: A FEW THINGS TO KNOW WHEN IT COMES TO […]Read More

Condo Owner Occupancy Ratios Re-Visited; 2 to 4 Units – All But One

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We had many questions on Monday about Owner Occupancy Ratios and condos, so we want to reiterate this: If a buyer intends to occupy a condo, his financing will not […]Read More

Condos in Litigation; Sometimes OK; Options

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We have a condo purchase with an HOA that is in litigation. The litigation involves an owner of a unit in a building separate from our building suing the HOA […]Read More