Tag Archive for: townhouses

What Kind Of Property Is Right For You?

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There are many different types of properties that homebuyers can purchase. There are pros and cons to each property type - so finding the right property largely depends on an individual's tastes and home-needs. To find out what kind of property is right for you, it's always best to do your research and work with an experienced real estate agent and mortgage broker.Read More

Gift of Equity; Condo’s Reserve Requirements; Townhouses

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Here are a few reminders: Gift of Equity: When a relative buys a home from another relative (“relative” can be used very loosely), the buyer does not need any down […]Read More

Beware of Homeowner’s Association (HOA) Dues; Lower Qualifications

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As the prices of single family residences (SFRs) continue to climb, we have more and more borrowers shifting their home searches to condos and townhouses. The problem is that they […]Read More

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

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We frequently have Realtors and borrowers confuse PUDs (Planned Unit Developments) or “townhouses” with “condos.” It is significant b/c condo complexes need to be FHA approved before a unit can […]Read More

Condo vs. PUD/Townhouse

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We were asked today about the differences in financing in regard to Condos vs PUDs/Townhouses. “PUD” stands for Planned Unit Development. Condo owners do not own the land underneath their […]Read More