51: What are My Options for Getting a Mortgage on a Condo? FHA, VA and Conventional
- 07/20/11 05:02 AM
If you are interested in buying or refinancing a Condo, you need to know your mortgage options and requirements. Unlike when you want to buy a regular home, condo's have more restrictions and requirements. Here are the explanations for Condo financing for FHA, VA and Conventional Loans: FHA- If you want a FHA loan and plan on buying or refinancing a Condo, the Condo must be FHA Approved. Instructions on how to verify if a Condo is FHA approved. Also Make sure that you look at the comments section, for any other information. The owner occupancy rate must also be 51% (0 comments)