warrantable condos: Good to Know - Warrantable Condos - 06/23/19 08:00 AM
Good to Know - Warrantable Condos
 
With condos (as well as the few co-ops that we have in the Charlotte area), it’s not just a buyers’ creditworthiness the lender is examining. The fiscal and physical health of the entire complex into which you’re buying must also be vetted.
 
“Warrantable” is a term used by Fannie Mae and Freddie Mac to describe condo projects and properties against which they will allow a mortgage.
Condo projects and properties not meeting those Fannie Mae and Freddie Mac warrantability standards are known as “non-warrantable.”
In general, a condo or co-op unit is considered non-warrantable if the … (5 comments)

 
Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR! (Savvy + Company (704) 491-3310)

Debe Maxwell, CRS

The RIGHT CHARLOTTE REALTOR!

Charlotte, NC

More about me…

Savvy + Company (704) 491-3310

Address: 2108 South BLVD, Suite 116, DILWORTH/SOUTH END/WILMORE, Charlotte, NC, 28203

Office: (704) 491-3310

Mobile: (704) 491-3310

Call (704) 491-3310 or email SavvyBroker@me.com

Author Bio: Debe Maxwell is a Certified Residential Specialist (CRS) in the Charlotte Metro region with a focus on the Charlotte luxury home market. My team of agents each have their own specialty areas, a benefit to anyone buying a home in Charlotte NC.

If you're thinking of listing your home, I would love to meet with you and share our marketing success package with you. My homes sell faster and for more money and after all, isn't that what every seller wants?! We'd love to help you buy or sell in the Charlotte Metro region.

   

    

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