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Condo Loans

If you are looking for a low-maintenance option instead of buying a single-family residence, then a condo may be the right choice for you.

The first step is to start with determining what type of financing the condo is eligible for, and then we can discuss the loan options available to you.

FHA Financing 

If you would like to finance a new FHA loan, then click on the link below to check to see if the condo is eligible for FHA financing or you can contact our team to review the eligibility.

https://entp.hud.gov/idapp/html/condlook.cfm 

VA Financing 

If you would like to finance a new VA loan, then click on the link below to check to see if the condo is eligible for VA financing or you can contact our team to review the eligibility.

https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch 

Conventional Financing

If you would like to finance a new Conventional loan, then click on the link below to check to see if the condo is eligible for Conventional financing or you can contact our team to review the eligibility:

https://www.fanniemae.com/content/datagrid/condo_pud/condo_approved_projects_report-fl.pdf 

Non-warrantable Condos

Non-warrantable condos are condos that fall outside of standard condo guidelines. There are quite a few questions that will be asked of the HOA in the form of a condo questionnaire, which will be sent to the HOA to fill out as part of your loan process. The two most common reasons why a condo may be non-warrantable are that there is a high concentration of rental properties in the complex or there is a high percentage of home owners who are delinquent on their monthly HOA dues.

We can finance non-warrantable condos under certain circumstances. We would need the HOA to fill out the condo questionnaire first to see if the unit is financeable.

To see if you pre-qualify for a Condo loan, contact Craig Bland today at 1-678-234-0545.

Success Mortgage Partners, Satellite Boulevard, Duluth, GA
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