When financing a condo during these times it is important to keep your eye on properties that have some form of lending approval. There are several types of approvals and really what this comes down is the ability to be able to provide as many financing options as possible. These days when it comes to financing condos FHA is the way to go; at least in terms of loan programs designed to appeal to as many consumers as possible. These mortgage loans require only a 3.5% minimum down payment and are among the easiest loans to qualify for. The reason for keeping this information in mind is that when it comes to marketing or selling real estate these days it comes down to can the buyer obtain financing in the subject community. Look across the country at condo communities that have some form of financing approval versus those communities that do not. Values have held much stronger in communities with this approval versus those without these types of approvals. There are also approvals in communities from Fannie Mae/Freddie Mac called PERS(Project Eligibility Review Service) approvals and VA also offers condominium community approvals. All approvals are only for a certain timeframe and expire, requiring constant updating to keep this community approval active. For questions on obtaining financing on FHA approved condos in Tampa please feel free to contact DJ Rondeau with any questions.
Bay to Bay Lending, L.L.C.
501 South Dakota Ave, Suite 2
Tampa, FL 33606
BAYSHORE TRACE CONDO CARROLLWOOD GABLES CONDOMINIUM CEDAR WOODS CLUB BAYSHORE COLONY BAY CONDO ONE EQUESTRIAN PARC AT HIGHWOODS FAIR OAKS NORTH & SOUTH CONDO GRAND PAVILION, A CONDOMINIUM GREENS OF TOWN & COUNTRY HARBOUR PLACE CITY HOMES HERITAGE AT TEMPLE TERRACE LEGACY AT TAMPA CONDOMINIUM MEADOWOOD VILLAGES MERIDIAN LUXURY CONDOMINIUM NEW TRIAD TOWNHOMES OF CARROLL PALMERA POINTE, A CONDOMINIUM PARKCREST HARBOR ISLAND PLACE ONE CONDO RAINTREE MANOR CONDOMINIUM RAINTREE MANOR HOMES CONDO RAINTREE OAKS RENAISSANCE VILLAS RIVER OAKS CONDO I SCHOONER COVE, A CONDOMINIUM SKYPOINT, A CONDOMINIUM SOMERSET PARK, A CONDOMINIUM STONE CREEK POINTE TEMPLE TERRACE PATIO HOMES THE CLUB AT HIDDEN RIVER THE FALLS AT NEW TAMPA THE GRAND RESERVE CONDOMINIUM THE HIGHLANDS @ HUNTER'S GREEN THE LOFTS THE LOFTS UNIT II THE OAKS UNIT II THE PRESERVE AT TEMPLE TERRACE TIFFANY SUITES CONDO TOWERS OF CHANNELSIDE VENTANA A CONDOMINIUM VICTORIA TERRACE WATERSIDE