property values: Financing issues for Condominiums
- 06/16/11 03:46 PM
I think we have finally seen it all when it comes to financing residential Real Estate. We have seen so many programs go away and our government now finances or insures about 95% of all loans for residential home-buyers. The problem is the government has rules that we must adhere to so a property can be financed. FHA is a great way for buyers to get into a home with just 3.5% down and 50% of the buyers that come through our office are FHA buyers. Unfortunately FHA requires attached Condominium complexes to approved prior to financing any of the units in a complex. … (1 comments)
I think we have finally seen it all when it comes to financing residential Real Estate. We have seen so many programs go away and our government now finances or insures about 95% of all loans for residential home-buyers. The problem is the government has rules that we must adhere to so a property can be financed.
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