In this blog, we will discuss and cover HUD condominium guidelines on FHA loans. HUD, the parent of FHA, is the federal agency that creates and implements FHA condo guidelines. Condominiums are becoming increasingly popular. Many Millennials and seniors often opt to purchase a condo versus a single-family home due to less maintenance. Unfortunately, per…
In this blog, we will cover and discuss condotel and non-warrantable condo loans. We will also be discussing will the process of obtaining a mortgage loan for a condotel property. Buyers looking for a condotel property and non-warrantable condos and needing to qualify for condotel and non-warrantable condo loans will typically run into problems when…
In this blog, we will cover and discuss how to qualify and how get FHA condominium loans approved. Condominiums are becoming increasingly popular. Many folks of all age groups are interested in condo living. Condominiums have condo homeowners associations. The condo HOA runs the exterior and common areas of the condominium community. What Does The…
This BLOG On Florida Non-Warrantable & Condo Hotel Purchase Financing Was Updated And PUBLISHED On February 21st, 2020 Non-Warrantable and Condo Hotel Purchase Financing is back in the state as Florida as well as California, Texas, Michigan, New Jersey, Kentucky, Mississippi, Pennsylvania, Colorado, Virginia, Illinois, Washington, and dozens of other states in the nation after…
What are condos? You might ask yourself what a condominium is? Some people think that a condominium is a fancy apartment. A condominium, also called a condo, is actually a building that is made up of private, individually owned units. When you live in an apartment, you are renting the space. When living in…
This article on Condotel Financing Guidelines Require 25% Down Payment Condotel Financing Guidelines Require 25% Down Payment for owner occupant and second home Condotel financing and 40% down payment on investment Condotel units. A Condotel unit is a condominium unit within a hotel that is owned by an individual or private investors. A Condotel used…
This BLOG On Condo Hotel Mortgage Rates Was Updated And PUBLISHED On April 23rd, 2020 Not too many lenders will finance a Condotel. Condotel Financing has much tougher terms than other types of mortgages Condo Hotel owners who has their current Condotel Loan with big banks like J.P. Morgan Chase are probably paying Condo Hotel mortgage rates of…
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