Condo Mortgage Loan

Then out of the blue, you get a call from your lender, saying something about your condo is “non-warrantable” so they can't do the loan.

HSH Associates, a mortgage-data firm, sums up through research that condo borrowers will most likely pay .75 percentage points more on a loan for a condo than for a single-family home or townhouse, unless a down payment of at least 25 percent is made.

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Whether you are looking at a home for yourself, a second home or an investment property, Silver Leaf Mortgage has a loan for your non-warrantable condo!

Condo Mortgage Rates. To find out how much higher interest rates go for a condo loan compared to a regular mortgage, we obtained online estimates from lenders that provides both. We set a purchase price of $200,000 and a down payment of 20% on both loan types.

If you are familiar with FHA loans, then you know they allow a down payment as low as 3.5%. This is also the case with the Kiddie Condo Loan. Just as with a standard FHA loan, the 3.5% down payment requirement pertains to single-family homes, condos, and townhomes. Click to See the Latest Mortgage Rates.

Trulia’s mortgage calculator is an easy-to-use loan calculator that lets you estimate your monthly mortgage payments with the latest mortgage rates. Buy. See Newest Listings. Rent. See Newest Listings. Post A Rental Listing. Mortgage. Mortgage Overview Get Pre-Qualified Mortgage Rates Refinance Rates.

Check Rates. Complete the form below and we will create customized quotes based on your loan details.

Condo loans in Michigan are difficult to find these days but look no further than Riverbank Finance for your next Condo mortgage in Michigan. Conventional and .

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Investopedia.com’s article, Condo Buying Guide: Obtaining a Mortgage, stated that rules for condo loans vary between conventional and FHA loans. Most importantly, your creditworthiness will be.

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The way it happened was that I’d offered to hold an open house for a work colleague’s real estate listing: a two-story, two-bedroom condo that had just been. Hardly. quicken loan’s Rocket Mortgage,