Condo Loans

FHA Financing

If you would like to finance the condo with a new FHA loan, then click on the link below to check to see if the condo is eligible for FHA financing:

VA Financing

If you would like to finance the condo with a new VA loan, then click on the link below to check to see if the condo is eligible for VA financing:

Conventional Financing

If you would like to finance the condo with a new Conventional loan, then click on the link below to check to see if the condo is eligible for Conventional financing:

Condo’s that cannot be financeable

The two most common reasons why a condo may be may is not financeable is that there is either current litigation, or the amount the homeowner’s association has in reserves is below 10%.

Condo’s not on a list

Most condos fall outside of standard condo guidelines and therefore the condo is not on a formal list.

We can send a condo questionnaire to the homeowner’s association to be filled out which will answer a bunch of questions that will determine if the condo is financeable.

We can finance most condos with only 3% down payment.

We would need the below to be able to see if we can get an approval for conventional financing:

1. Condo questionnaire (We can use the HOA’s standard questionnaire, or we can give you blank questionnaire.)
2. The master insurance policy for the condo
3. The budget for the condo to make sure there is at least 10% in reserves