Property types

Condo

Financing a unit in a condominium project, which requires the lender to review the project as well as the borrower.

Why it is hard

The building's budget, reserves, litigation and owner-occupancy ratio all affect approval, not just the buyer's credit.

What to ask a loan officer

Is this project already approved or warrantable with your investors?
What documents do you need from the HOA, and who orders the condo questionnaire?
How do you handle a project with pending litigation or low reserves?

Also called

condo, condominium, condo unit, warrantable condo

Find a loan officer

Ranked loan officers by state and city are coming soon. Agents can query now: /api/v1/loan-officers?specialty=condo&state=FL or this specialty as JSON.