Tag Archive for: PUD

More Mortgage Concepts Every Agent Should Know

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There are three primary channels through which borrowers can obtain mortgage loans: (1) commercial banks and credit unions; (2) mortgage banks; and (3) mortgage brokers. Commercial banks like Chase and Wells Fargo hold deposits, offer checking accounts, make commercial loans (and do all traditional “banking” activities) as well as offer mortgage loans. They also hold loans in their portfolios.Read More

Condo vs. Townhome vs. PUD

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This is another reminder that condos are not distinguishable from PUDs (Planned Unit Development units) by appearance alone. Attached side-by-side two-story units that all touch the ground can be zoned “CONDO” or “PUD.” Complexes with units that “float” (that do not touch the ground) will almost always be zoned condo (PUDs must touch the ground).Read More

12 Things To Consider Before Buying A Condo

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Below are twelve things buyers and agents should consider if they plan to finance the purchase of a condo. We remind our clients of these items from time to time […]Read More

Important Condo Considerations

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Below are twelve things buyers and agents should consider if they plan to finance the purchase of a condo. I repeat these items from time to time b/c they are […]Read More

Townhouse/PUD vs. Condo: Affects Rate and FHA Financing

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Condos and PUDs may look alike, but their zoning affects your loan options, rates, and FHA approval. Learn how to spot the difference and why it matters.Read More

Property Type Affects Pricing; Condos Look Like PUD/Townhouse

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Condos and PUDs may appear similar but have different zoning and financing options. Understand how these differences can impact your mortgage rates and eligibility.Read More