Purchasing a Reseda Condo utilizing FHA Financing can often be easier said than done. FHA financing allows you put put as little as 3.5% down on the purchase of your new unit. Many condo complexes simply will not be approved for a buyer to obtain an FHA loan, due to a plethora of reasons including:
- Low percentage of owner occupants
- More than 10% of units owned by one individual
- Ongoing building litigation
- More than 15% of all units being in arrears with their HOA dues
Therefore it is imperative that you hire an experienced Reseda Realtor in your pursuit of an FHA Approved Condo. The worst thing you could do is spend your valuable time looking at, and identifying the perfect unit, only to find that the complex is not in fact FHA Approved. Things you should be looking for when you hire your Reseda Real Estate Agent include:
- How many condos have they actually sold in the Reseda Market?
- Do they have a list of FHA Approved Condos readily available?
- Do they know what amenities each condo complex offers?
- Do they have a website dedicated solely to Reseda Condos For Sale?
Our Website, www.resedacondosforsale.com, will be able to guide you through the entire Condo Buying Process in Reseda, Ca. We believe it to be the most thorough & accurate resource on the web today. Especially if you are looking for an FHA Approved Condo in the Reseda Market.
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